joint and several liability - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “joint and several liability”

joint and several liability

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 judge applied the rule of joint and several liability, and ordered the car manufacturer to pay 100% of the damages, as the driver could not pay his 90% share. →  Compare joint liability
(Definition of joint and several liability from the Cambridge Business English Dictionary © Cambridge University Press)
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