no liability
(Australia, business, legal) A form of limited liability that may be used by mining companies, under which the shareholders may pay a company debt by surrendering shares in lieu of money.
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(Australia, business, legal) A form of limited liability that may be used by mining companies, under which the shareholders may pay a company debt by surrendering shares in lieu of money.
“Those of us who actually deal with patients watch this disaster in real time. And there is no accountability. None. No liability. No consequence. Just us and the patient and what the algorithm made possible before she ever ended up in my ICU.”
— Bluesky· May 2026
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🇦🇺About Australian & NZ slang slang
Aussie and Kiwi vocabulary — bogan, daggy, brekkie, sheila, bach, jandals — the whole Antipodean lexicon, including outback dialect, surf and beach culture, and Sydney/Melbourne street slang.
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Semantically related
- joint-stock company53%
(business, finance, legal, US) A company with transferable ownership interests and unlimited shareholder liability.
- joint-stock company53%
(business, finance, legal, UK) A company with transferable ownership interests and limited shareholder liability.
- no-load52%
(US, especially of a financial instrument) Sold directly to a customer without a sales commission.
- no-load51%
(US, finance) A financial instrument that is sold directly to a customer without a sales commission.
- Pty Ltd51%
(Australia, South Africa, business) Proprietary Limited, a type of company that has one or more shareholders and in which the number of shareholders is limited.