- (US English) A type of company, a legal entity where the ownership has been arranged into shares. A shareholder has no responsibilities to the company and the potential losses of the shareholder are limited to the value of the stock turning to zero in the case of a bankruptcy.
There are further distinctions to the type of Incorporated company in UK English.
- Public Limited Liability Company, Plc (UK English)
- Limited Liability Company, Llc (UK English)
- simple past tense and past participle of