jointly and severally 2
1jointly and severally — municipal bond underwriting in which the account is undivided and syndicate members are responsible for unsold bonds in proportion to their participation, regardless of how many bonds they may have already sold. A firm with 20% of the account is… …
2Jointly and Severally — 1. A legal term describing a partnership in which individual decisions are bound to all parties involved and thus undivided. 2. A term used in underwriting syndicates to refer to the distinct responsibility of individual companies to sell a… …
3jointly and severally — See joint and several contracts joint and several liability …
4jointly and severally — See joint and several contracts joint and several liability …
5jointly and severally — together and separately (joint obligation of several people that they are all together or totally separate) …
6jointly and severally — See in solido; joint and several liability …
7severally — sev‧e‧ral‧ly [ˈsevrəli] adverb jointly and severally LAW if two companies own or are responsible for something jointly and severally, they each have an equal share in it: • In many states, firms are jointly and severally liable for injuries… …
8severally — / sev(ə)rəli/ adverb separately, not jointly ♦ they are jointly and severally liable they are liable both as a group and as individuals for the total amount …
9jointly — / dʒɔɪntli/ adverb together with one or more other people ● to own a property jointly ● to manage a company jointly ● They are jointly liable for damages. ♦ jointly and severally liable liable both as a group and as individuals …
10joint and several liability — see liability 2b Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. joint and several liability …
