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Definition of

company limited by guarantee


incorporated organization whose members have pre-agreed liability a type of organization, normally formed for nonprofit purposes, in which each member of the company agrees to be liable for a specific sum in the event of liquidation

Definitions of ’company limited by guarantee’ and meaning of ’company limited by guarantee’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’company limited by guarantee’ and other financial terms with our online QFINANCE Financial Dictionary.

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