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{%type%} Definitions

WordNet 3.0Copyright Princeton University
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Short "hint"

Exempting the owner from further contributions to the capital or business of an issuing corporation and when fully paid for entailing no further liability on the part of the owner either to the corporation or its creditors.

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Usage examples (3)
  • The bill would have allowed 323 insurers that write homeowners policies in the state to offer a nonassessable residential property insurance policy that would offer...
  • Not, without, the opposite of nonaggression nonassessable
  • "It saves paying a big corporation tax and lets you sell all the full-paid, nonassessable stock you want to issue, regardless of what the property is worth.
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The Open Dictionary of English is a collaborative project, based on Open Source materials, LearnThat resources, and partner APIs.
We give special thanks to our LearnThat volunteers, as well as Princeton University and Wiktionary for their Open Source word data. We're also grateful for the support given by Google, Wordnik.com, Dictionary.com, Stands4.com and YouTube, OEDILF.com, Kylescholz.com, Best-Practice.com, Forvo.com, as well as the generous Creative Commons community.