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

"joint and several liability" in Business English

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joint and several liabilitynoun [U]

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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 ​judgeapplied the ​rule of ​joint and several ​liability, and ​ordered the ​carmanufacturer 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)
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