Yes, "LTD" is an abbreviation for "limited," often used in the context of business entities. It typically denotes a private limited company, which is a type of corporation that limits the liability of its owners. This means that the personal assets of the shareholders are protected in the event of the company's financial difficulties. The "limited" designation helps indicate that the company's shareholders have limited financial liability. Different countries may have variations on this term, but the concept generally remains similar.
LTD for limited
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