company limited by guarantee

An incorporated organization in which the liability of members is limited by the memorandum of association to amounts that they have agreed to undertake to contribute in the event of winding up. This is a less popular form of company than the company limited by shares

Accounting dictionary. 2014.

Look at other dictionaries:

  • company limited by guarantee — ˌcompany ˌlimited by guaranˈtee noun companies limited by guarantee PLURALFORM [countable] LAW FINANCE a company in which each shareholder is responsible for paying debts up to a certain amount if the company goes bankrupt * * * company limited… …   Financial and business terms

  • company limited by guarantee — See company. Collins dictionary of law. W. J. Stewart. 2001 …   Law dictionary

  • Company limited by guarantee — Aktie der Barnum Bailey Limited Limited Company (deutsch: limited: beschränkt, hier: haftungsbeschränkt; company: Firma) wird im britischen Gesellschaftsrecht die nicht börsennotierte Aktiengesellschaft genannt. Die Limited Company ist in… …   Deutsch Wikipedia

  • Company limited by guarantee — In British or Irish company law, a company limited by guarantee is an alternative type of corporation used primarily for non profit organisations that require legal personality. A guarantee company does not usually have a share capital, but… …   Wikipedia

  • company limited by guarantee — company that in the event of its breakup its owners will be responsible for its debts in an amount that was determined in advance …   English contemporary dictionary

  • company limited by guarantee — An incorporated organization in which the liability of members is limited by the memorandum of association to amounts that they have agreed to undertake to contribute in the event of winding up. See limited company …   Big dictionary of business and management

  • company limited by guarantee — Fin 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 …   The ultimate business dictionary

  • company limited by guarantee — ➡ companies * * * …   Universalium

  • Private company limited by guarantee — Companies law Company  …   Wikipedia

  • limited by guarantee — See limited company …   Big dictionary of business and management

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.