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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Unlimited Liability


It means you can have your pants sued off, literally. If you house your company inside of a corporate shell, there is usually not unlimited liability, i.e. if your asbestos truck blows up and kills a city, it's only your company that goes BK but you can take your own personal money and run.