solidary obligation

Definition of "solidary obligation"
  1. A type of obligation that allows any party among two or more obligated parties to be held responsible for the complete fulfillment of a duty, like settling a debt
How to use "solidary obligation" in a sentence
  1. The creditor had the option to demand payment for the entire debt from any of the parties involved due to the solidary obligation clause in their agreement.
  2. Because of the solidary obligation, each member of the joint venture could be asked to take full responsibility for the business failure.
  3. The solidary obligation in the contract meant that either party could be held responsible to pay the entire amount of the loan.

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