BREAKING DOWN 'Limited Company-LC'. In a limited company, the debts of the company are separate from those of the shareholders. As a result, should the company experience financial distress because of normal business activity, the personal assets of shareholders will not be at risk of being seized by creditors. form of incorporation that limits the amount of liability undertaken by the company's shareholders. The naming convention for this type of corporate structure is commonly used in the United Kingdom. It is commonly known as a limited liability company (LLC) in the United States and other parts of the world.
Lighted wicks on the candles of a birthday cake. The definition of wick is the waxy cord that is lit in a candle or oil lamp. An example of wick is the white cord in the center of a candle on which the flame burns.
An ear wick solves both problems. An ear wick is a piece of sponge (or sometimes a piece of cotton) that is inserted into the ear canal. Topical medications are then put onto the ear wick and then capillary action pulls the medication further into the ear canal.