joint

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Related to jointly: Jointly and severally, Jointly and severally liable

Joint

United; coupled together in interest; shared between two or more persons; not solitary in interest or action but acting together or in unison. A combined, undivided effort or undertaking involving two or more individuals. Produced by or involving the concurring action of two or more; united in or possessing a common relation, action, or interest. To share common rights, duties, and liabilities.

joint

adj., adv. referring to property, rights or obligations which are united, undivided and shared by two or more persons or entities. Thus, a joint property held by both cannot be effectively transferred unless all owners join in the transaction. If a creditor sues to collect a joint debt, he/she must include all the debtors in the lawsuit, unless the debt is specifically "joint and several," meaning anyone of the debtors may be individually liable. Therefore, care must be taken in drafting deeds, sales agreements, promissory notes, joint venture agreements, and other documents. A joint tenancy is treated specially, since it includes the right of the survivor to get the entire property when the other dies (right of survivorship). (See: joint tenancy, joint and several, joint venture, tenancy in common)

joint

adjective allied, amalgamated, associated, coalitional, collaborative, collective, combined, common, communal, communis, community, concerted, concurrent, confederate, conjoint, conjugate, conjunct, consolidated, cooperative, coordinated, corporate, correal, harmonious, inseparable, joined, leagued, merged, mixed, mutual, shared, synergetic, unified, united
Associated concepts: joint account, joint action, joint advennure, joint and several liability, joint enterprise, joint interrst, joint liability, joint negligence, joint ownership, joint resolution, joint tenancy, joint tort feasors
See also: collective, common, concerted, concomitant, concordant, concurrent, conjoint, connection, consensual, federal, intersection, mutual, united

JOINT. United, not separate; as, joint action, or one which is brought by several persons acting together; joint bond, a bond given by two or more obligors.

References in periodicals archive ?
Letter rulings 200506008, 200506009 and 200506019 each addressed situations in which multiple individuals create an invention jointly, apply for a patent as joint inventors and immediately transfer it to a new LLC.
Both companies will jointly market the integrated offerings to customers.
The agencies jointly adopted interim final rules that established December 31, 2003, as the effective date for the preemption provisions of the FACT Act as well as provisions authorizing the agencies to adopt rules or take other actions to implement the FACT Act.
2040(b)(1), one-half of the fair market value (FMV) of any property jointly owned by spouses is included in the decedent's estate.
To achieve further savings, many tests are given jointly, with both NCPWB contractors and UA quality-assurance people attending.
Not only couldn't the couple file jointly, to combine Daniel's low income with Ian's higher one to thus be taxed at a lower rate, but "we weren't eligible for the full child tax credit," Daniel explains.
This establishes a joint technology development effort to advance natural gas-to-liquids (GTL) and coal-to-liquids (CTL) technologies, cooperation in verifying Syntroleum GTL technologies on an industrial scale, construction of a 700,000 tonne per annum (17,000 barrel per day) GTL plant and a 3,000 tonne per annum (100 barrel per day) CTL pilot plant in China using Syntroleum's technologies, and jointly marketing SSTC technology (Sinopec Syntroleum technology) in China through the most effective means.
469(i), the Federal limit for MAGI under $150,000 is $25,000 for both single taxpayers and for married taxpayers filing jointly, and zero for MAGI over $150,000.
section] 5318(l) and the implementing regulation jointly promulgated by the Board and the Department of the Treasury at 31 C.
I am delighted that Sony and Infineon have reached this agreement to jointly develop chips which introduce Sony's Type C contactless chip card technology.
Now, for couples filing jointly, any gain up to $500,000 is not taxable, regardless of whether the gain is rolled over into a new property.
One of the secondary effects of an increase in marginal tax rates is a higher "marriage penalty," the additional tax owed by taxpayers who file "married filing jointly," above what would have been due if they were single and had earned the same income.