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English definition of “jointly and severally”

jointly and severally

adverb     LAW
if partners make an agreement jointly and severally , they share all rights and responsibilities equally , and if any partner is unable to share in a responsibility , the others become responsible for that partner's share : All members of the partnership are jointly and severally liable for the debt . The participating companies were fined $50 thousand jointly and severally . → Compare severally
(Definition of jointly and severally adverb from the Cambridge Business English Dictionary © Cambridge University Press)
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