What does LTD stand for in a business context?

In a business context, ""LTD"" stands for ""Limited."" This designation indicates that a company's owners have limited liability, meaning their personal assets are protected from the company's debts and liabilities. To summarize, ""LTD"" refers to a type of business structure that offers limited liability protection to its owners. This means that in the event of financial difficulties or legal issues, the personal assets of the owners are safeguarded, ensuring that they are not personally responsible for the company's obligations.