See Also: Joint and Several Liability(money)
Joint and several liability(finance)
Joint liability(finance)
Constant-Velocity Joint (Cv Joint) - Motor Sports(gambling)
liability(dictionary)
Tax liability(money)
LIABILITY(law)
Liability(money)
Tax liability(finance)
liability(dictionary)

Joint and several liability (finance)


An undertaking by a group of two or more people to be responsible, either individually or jointly, for any liability which may exist after any member or members have failed to meet their obligations.