joint and several

Definition of "joint and several"
  1. 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
How to use "joint and several" in a sentence
  1. When a loan is joint and several, a lender can seek repayment from any of the borrowers if others default.
  2. The investors made a joint and several agreement, allowing the company to demand full investment from any one of them.
  3. 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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