joint and several
- A term used to describe a situation where two or more people or entities are fully responsible for a debt or obligation, and each can be summoned to fulfill the entire responsibility if the others fail to comply
- When a loan is joint and several, a lender can seek repayment from any of the borrowers if others default.
- The investors made a joint and several agreement, allowing the company to demand full investment from any one of them.
- Because of the joint and several nature of the contract, he was held accountable for the entire sum when his business partner disappeared.
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