jointly and severally Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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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 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.
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(Definition of jointly and severally from the Cambridge Business English Dictionary © Cambridge University Press)
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