severally liable
Look at other dictionaries:
severally — sev‧e‧ral‧ly [ˈsevrəli] adverb jointly and severally LAW if two companies own or are responsible for something jointly and severally, they each have an equal share in it: • In many states, firms are jointly and severally liable for injuries… … Financial and business terms
severally — 1. Distinctly, separately, apart from others. When applied to a number of persons the expression severally liable usually implies that each one is liable alone 2. Owning real or personal property without anyone else sharing in the ownership. A… … Black's law dictionary
severally — / sev(ə)rəli/ adverb separately, not jointly ♦ they are jointly and severally liable they are liable both as a group and as individuals for the total amount … Dictionary of banking and finance
liable — adj. VERBS ▪ be ▪ become ▪ remain ▪ make sb, render sb ▪ Failure to provide insurance rendered him liable to prosecution … Collocations dictionary
severally — adv. Severally is used with these adjectives: ↑liable … Collocations dictionary
jointly and severally — municipal bond underwriting in which the account is undivided and syndicate members are responsible for unsold bonds in proportion to their participation, regardless of how many bonds they may have already sold. A firm with 20% of the account is… … Financial and business terms
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 liability — Where two or more persons are liable in respect of the same liability, in most common law legal systems they may either be:* jointly liable, or * severally liable, or * jointly and severally liable.Joint liabilityIf parties have joint liability,… … Wikipedia
Forms of ownership — A form of ownership is the manner in which * an undertaking or enterprise is managed and controlled; * capital is contributed; * risks are borne; * profits are divided; and * legal personality affects the business.ole… … Wikipedia
Chase v. Curtis — Supreme Court of the United States Argued January 30, 1885 Decided March 2, 1885 … Wikipedia
