joint

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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 ?
He said there are times that the two chambers of Congress- the Senate and the House of Representatives - can discuss jointly on some issues 'but never in voting.
IBM and Lawson will jointly develop and market new vertical industry 'solution packs' to organizations in the healthcare, retail, government, education, financial services and other service sector markets.
The Board and the FTC also jointly proposed rules establishing a schedule of effective dates for other provisions of the FACT Act that do not contain effective dates.
1992), the Sixth Circuit ruled that a surviving spouse was entitled to the full basis step-up on real estate purchased before 1977 and held jointly with the decedent spouse, even though the surviving spouse had not contributed to the property's original purchase.
The NCPWB and its members jointly develop Welding Procedure Specifications (WPS) that conform to the American Society of Mechanical Engineers (ASME) Boiler and Pressure Vessels Code, as well as to other nationally recognized codes for welding.
As for the Chesir-Teran family, this year, "chances are, we're going to be saving money" by not being able to file jointly, Daniel says.
If the property is held jointly, the tax basis will be $150,000 - the original cost plus one half of the total appreciation in value attributable to the husband's half ownership of the property.
The two projects will provide the basis for the two parties to jointly market the combined FT technology capabilities to third parties within China.
Jointly owned property, is included in full on a Federal estate tax return, unless:
In general, if two taxpayers are married on December 31 of any given year, the couple is deemed married for the entire year and may file jointly for that year.
Second, the JGTRRA increased the AMT exemption to $58,000 for married taxpayers filing jointly, and to $40,250 for single taxpayers, but the phase out ranges remain unchanged.
OKLAHOMA CITY -- The American Education Corporation (AEC) is pleased to announce that it has entered into a business partnership with Cambridge University Press (CUP) of Cambridge, England, to jointly develop and market leading-edge, K-12 educational content through AEC learning management systems in the United States, United Kingdom and other world markets.