jointly and severally Meaning in the Cambridge English Dictionary
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Meaning of “jointly and severally” in the English Dictionary

"jointly and severally" in Business English

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jointly and severallyadverb

uk   us   LAW
if ​partners make an ​agreementjointly 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 ​severallyliable for the ​debt. The ​participatingcompanies were ​fined $50 thousand ​jointly and ​severally.
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(Definition of jointly and severally from the Cambridge Business English Dictionary © Cambridge University Press)
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