to be jointly and severally liable

to be jointly and severally liable
нести солидарную и индивидуальную ответственность

English-russian accounting dictionary. 2014.

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  • jointly 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… …   Financial and business terms

  • severally — sev‧e‧ral‧ly [ˈsevrəli] 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… …   Financial and business terms

  • jointly — / 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 …   Dictionary of banking and finance

  • severally — / 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 …   Dictionary of banking and finance

  • liable — adj. VERBS ▪ be ▪ become ▪ remain ▪ make sb, render sb ▪ Failure to provide insurance rendered him liable to prosecution …   Collocations dictionary

  • joint and several liability — see liability 2b Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. joint and several liability …   Law dictionary

  • Joint and several liability — Where two or more persons are liable in respect of the same liability, in most common law legal systems they may either be:* jointly liable, or * severally liable, or * jointly and severally liable.Joint liabilityIf parties have joint liability,… …   Wikipedia

  • joint and several — joint and sev·er·al adj: relating or belonging to two or more parties together and separately joint and several duties of the partners see also joint and several liability at liability 2b compare in sol …   Law dictionary

  • Forms of ownership — A form of ownership is the manner in which * an undertaking or enterprise is managed and controlled; * capital is contributed; * risks are borne; * profits are divided; and * legal personality affects the business.ole… …   Wikipedia

  • Chase v. Curtis — Supreme Court of the United States Argued January 30, 1885 Decided March 2, 1885 …   Wikipedia

  • partnership — part·ner·ship n: an association of two or more persons or entities that conduct a business for profit as co owners see also uniform partnership act in the important laws section compare corporation, joint venture, sole pro …   Law dictionary

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