Define: Joint And Several Liability (In A Partnership)

UK Accounting Glossary

Definition: Joint And Several Liability (In A Partnership)


Quick Summary of Joint And Several Liability (In A Partnership)


The partnership liabilities are shared jointly but each person is responsible for the whole of the partnership.



What is the dictionary definition of Joint And Several Liability (In A Partnership)?

Dictionary Definition



Advertisement



Full Definition of Joint And Several Liability (In A Partnership)



Advertisement



Joint And Several Liability (In A Partnership) FAQ's



Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/joint-and-several-liability-in-a-partnership/
Modern Language Association (MLA):
Joint And Several Liability (In A Partnership). PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 20, 2019 https://payrollheaven.com/define/joint-and-several-liability-in-a-partnership/.
Chicago Manual of Style (CMS):
Joint And Several Liability (In A Partnership). PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/joint-and-several-liability-in-a-partnership/ (accessed: September 20, 2019).
American Psychological Association (APA):
Joint And Several Liability (In A Partnership). PayrollHeaven.com. Retrieved September 20, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/joint-and-several-liability-in-a-partnership/

Definition Sources


Definitions for Joint And Several Liability (In A Partnership) are sourced/syndicated from:


This glossary post was last updated: 23rd December 2018.