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English definition of “joint liability”

joint liability

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 insolvent the bank can pursue both partners for the money . → Compare joint and several liability
(Definition of joint liability noun from the Cambridge Business English Dictionary © Cambridge University Press)
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