nonassessable

[ non-uh-ses-uh-buhl ]

adjective

1. (of stock) exempting the investor from any expense or liability beyond the amount of the investment.

Other Words From

• nonas·sessa·bili·ty noun

Word History and Origins

Origin of nonassessable¹

non- + assessable ( def )

Example Sentences

The stock, of course, is nonassessable and the taxes are very small.

From Project Gutenberg

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.

From Project Gutenberg