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Dictionary of Law Terms: Limited

Libel. A malicious defamation, expressed either in printing or writing, or by signs, pictures, etc., tending either to blacken the memory of one who is dead, or the reputation of one who is alive, and thereby exposing him to public hatred, contempt, or ridicule. Limited liability. The limitation of the liability of shareholders in a company to the amount unpaid upon their shares, introduced by recent acts, and applicable to all companies registered thereunder; such companies are bound to use the word "Limited" in their title after the word "Company."

Liquidated Damages are damages the amount of which are fixed or ascertained. Liquidator. A person duly appointed to wind up the affairs of an insolvent company, under the winding up acts. Lis pendens. A pending suit of action.