Definition of Joint and several. Meaning of Joint and several. Synonyms of Joint and several

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Definition of Joint and several

Joint and several
Joint Joint, a. [F., p. p. of joindre. See Join.] 1. Joined; united; combined; concerted; as joint action. 2. Involving the united activity of two or more; done or produced by two or more working together. I read this joint effusion twice over. --T. Hook. 3. United, joined, or sharing with another or with others; not solitary in interest or action; holding in common with an associate, or with associates; acting together; as, joint heir; joint creditor; joint debtor, etc. ``Joint tenants of the world.' --Donne. 4. Shared by, or affecting two or more; held in common; as, joint property; a joint bond. A joint burden laid upon us all. --Shak. Joint committee (Parliamentary Practice), a committee composed of members of the two houses of a legislative body, for the appointment of which concurrent resolutions of the two houses are necessary. --Cushing. Joint meeting, or Joint session, the meeting or session of two distinct bodies as one; as, a joint meeting of committees representing different corporations; a joint session of both branches of a State legislature to chose a United States senator. ``Such joint meeting shall not be dissolved until the electoral votes are all counted and the result declared.' --Joint Rules of Congress, U. S. Joint resolution (Parliamentary Practice), a resolution adopted concurrently by the two branches of a legislative body. ``By the constitution of the United States and the rules of the two houses, no absolute distinction is made between bills and joint resolutions.' --Barclay (Digest). Joint rule (Parliamentary Practice), a rule of proceeding adopted by the concurrent action of both branches of a legislative assembly. ``Resolved, by the House of Representatives (the Senate concurring), that the sixteenth and seventeenth joint rules be suspended for the remainder of the session.' --Journal H. of R., U. S. Joint and several (Law), a phrase signifying that the debt, credit, obligation, etc., to which it is applied is held in such a way that the parties in interest are engaged both together and individually thus a joint and several debt is one for which all the debtors may be sued together or either of them individually. Joint stock, stock held in company. Joint-stock company (Law), a species of partnership, consisting generally of a large number of members, having a capital divided, or agreed to be divided, into shares, the shares owned by any member being usually transferable without the consent of the rest. Joint tenancy (Law), a tenure by two or more persons of estate by unity of interest, title, time, and possession, under which the survivor takes the whole. --Blackstone. Joint tenant (Law), one who holds an estate by joint tenancy.

Meaning of Joint and several from wikipedia

- systems they may either be: severally liable, or jointly liable, or jointly and severally liable. In several or proportionate liability, parties are liable...
- shareholders is not limited: that is, its members or shareholders have a joint and several non-limited obligation to meet any insufficiency in the ****ets of...
- A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared...
- The Joint Chiefs of Staff (JCS) is the body of the most senior uniformed leaders within the United States Department of Defense, which advises the president...
- the word joint. 'Spliff' is a West Indian word of Jamaican English origin which has spread to several western countries, particularly the UK and Europe...
- parties injured by the Partnership. General partners may have joint liability or joint and several liability depending upon cir****stances. The limited partnership...
- property, share the profits of the firm in predefined proportions, and have joint and several liability for the debts of the partnership. As in a general partnership...
- The Joint Intelligence Committee is a nodal government agency in several countries, responsible for the internal and external security apparatus of the...
- 717), their acts and omissions and their knowledge could be attributed to the company, and this could give rise to liability as joint tortfeasors where...
- may decide on joint and several liability regulated by ยง 421 BGB, while internally there is sometimes a release from this liability. Joint ventures often...