 |
Joint And Several Liability
Definition
|
|
| a situation when more than one party is liable for repayment of a Debt or obligation. a creditor can obtain compensation from one or more parties, either individually or jointly. (also see: liability)
next word in word list.
| | Avg. Rating : Not yet rated, be the first to provide a rating for this definition. |
|
 |
 
 |
Browse 
