Joint And Several Liability (In A Partnership)

Business, Legal & 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.



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. July 13, 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: July 13, 2020).
American Psychological Association (APA):
Joint And Several Liability (In A Partnership). PayrollHeaven.com. Retrieved July 13, 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)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 10th August, 2019 | 2 Views.