takmarkaður

Takmarkaður is an Icelandic adjective and a common noun form derived from the Icelandic root “takmörk,” meaning “limits” or “restrictions.” As an adjective it describes something that is limited, restricted or finite. For example, “takmarkaður fjöldi” (limited number) or “takmarkaður kostur” (limited offer). In Icelandic grammar the adjective agrees in gender, number and case with the noun it modifies; the masculine singular nominative form is “takmarkaður,” feminine is “takmarkað», neuter is “takmarkað,” and plural forms change to “takmarkaðir” or “takmarkaðar” accordingly.

The word also forms part of the legal term “takmarkað fyrirtæki” (private limited company), which is the Icelandic legal designation for a private limited liability corporation. In this context the term is equivalent to “Ltd.” in English. The legal definition is set forth in the Icelandic Companies Act, providing that a takmarkað fyrirtæki must have at least one shareholder and a nominal capital deposit, and its liability is limited to the amount contributed.

Takmarkaður can appear in everyday speech to underline constraints, such as “Aðeins takmarkaður tímusvörf” (only limited time sales). In media, the term is often used when regulations introduce caps, e.g., “takmarkaður fjöldi” (limited quantities). Overall, the word serves both descriptive and legal purposes, reflecting the Icelandic language’s tendency to create compound words by joining root terms with a suffix denoting method or state.