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joint liability

   Also found in: Medical, Financial, Wikipedia 0.01 sec.

joint liability n. when two or more persons are both responsible for a debt, claim or judgment. It can be important to the person making the claim, as well as to a person who is sued, who can demand that anyone with joint liability for the alleged debt or claim for damages be joined in (brought into) the lawsuit with them. (See: joinder, joint and several)



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When a married couple has a joint liability and one of the spouses has an individual tax liability, two offers and two application fees are required.
The number of all types of firms and their branches has now risen to 47,500,including 29320 limited liability firms and 5632 joint liability companies, in addition to 3300 joint venture or mixed type limited liability firms.
Renmin University of China law professor Yang Lixin explained joint liability means that consumers can demand compensation from both the unsafe food's producers and the stars in the ads.
 
 
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