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.



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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. February 28, 2020 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: February 28, 2020).
American Psychological Association (APA):
Joint And Several Liability (In A Partnership). PayrollHeaven.com. Retrieved February 28, 2020, 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 and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

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