ThemainsourceofTheFreeDictionary'slegaldictionaryisWest'sEncyclopediaofAmericanLaw,Edition2,whichcontainsmorethan4,000entriesdetailingterms,concepts,events,movements,cases,andindividualssignificanttoUnitedStateslaw.
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n.themaximumamountapersonparticipatinginabusinesscanloseorbechargedincaseofclaimsagainstthecompanyoritsbankruptcy.Astockholderinacorporationcanonlylosehis/herinvestment,andalimitedpartnercanonlylosehis/herinvestment,butageneralpartnercanberesponsibleforallthedebtsofthepartnership.Partiestoacontractcanlimittheamounteachmightowetheother,butcannotcontractawaytherightsofathirdpartytomakeaclaim.
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