Ballentine's law dictionary. Anderson, W.S.. 1998.
joint liability — see liability 2b Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. joint liability … Law dictionary
joint liability — UK US noun [U] ► LAW a situation where more than one person or organization share responsibility for paying a debt or for paying for damage that has been caused, etc.: »As the partners have agreed to joint liability, if the partnership becomes… … Financial and business terms
Joint Liability — An obligation, including an obligation to repay a debt between two or more parties. A joint liability allows parties to share the risks associated with taking on additional debt, and to protect themselves in the event of legal litigation and… … Investment dictionary
joint liability — When two or more persons are responsible for a debt, claim or judgment. Anyone making a claim can demand that everyone with joint liability for an alleged debt or claim for damages be brought into a lawsuit … Business law dictionary
joint liability — legal responsibility that is shared between two or more people … English contemporary dictionary
liability — li·a·bil·i·ty /ˌlī ə bi lə tē/ n pl ties 1: the quality or state of being liable 2: something for which one is liable: as a: a financial obligation: debt tax liability the bonds … Law dictionary
joint and several liability — see liability 2b Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. joint and several liability … Law dictionary
joint and several — joint and sev·er·al adj: relating or belonging to two or more parties together and separately joint and several duties of the partners see also joint and several liability at liability 2b compare in sol … Law dictionary
joint — adj 1: common to two or more: as a: involving the combined activity or negligence of two or more a joint tort see also joint tortfeasor compare several b … Law dictionary
joint and several liability — ➔ liability * * * joint and several liability UK US noun [U] ► LAW a situation where each of the people or organizations in a group is responsible, as a group and separately, for paying a debt, paying for damage that has been caused, etc.: »The… … Financial and business terms
