If you buy stock in a company the most you can lose is the money you put up, so that's called limited liability.

如果你买了一个公司的股票,你最多只会赔掉投进去的钱,所以这叫做有限责任

耶鲁公开课 - 金融市场课程节选

The problem with partnerships, generally, has been that they don't have limited liability.

通常合伙制企业的问题是,合伙人具有无限责任

耶鲁公开课 - 金融市场课程节选

There is a general partner who takes on the liability and the limited partners, who are many, are the participants who do not share the liability.

由普通合伙人承担责任,而其他多个有限合伙人,则不需要承担责任

耶鲁公开课 - 金融市场课程节选

The general partner takes on the liability; the limited partners don't have liability.

普通合伙人要承担责任,有限合伙人则不需要承担责任

耶鲁公开课 - 金融市场课程节选