Meaning of “joint and several liability” in the English Dictionary

business-english dictionary

"joint and several liability" in Business English

See all translations

joint and several liabilitynoun [ U ]

uk us

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.

(Definition of “joint and several liability” from the Cambridge Business English Dictionary © Cambridge University Press)