Joint Liability

Business, Legal & Accounting Glossary

Definition: Joint Liability



What is the dictionary definition of Joint Liability?

Dictionary Definition


n. when two or more persons are both responsible for a debt, claim or judgment. It can be important to the person making the claim, as well as to a person who is sued, who can demand that anyone with joint liability for the alleged debt or claim for damages be joined in (brought into) the lawsuit.


Cite Term


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Page URL
https://payrollheaven.com/define/joint-liability/
Modern Language Association (MLA):
Joint Liability. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 22, 2020 https://payrollheaven.com/define/joint-liability/.
Chicago Manual of Style (CMS):
Joint Liability. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/joint-liability/ (accessed: September 22, 2020).
American Psychological Association (APA):
Joint Liability. PayrollHeaven.com. Retrieved September 22, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/joint-liability/

Definition Sources


Definitions for Joint Liability 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: 28th April, 2020 | 0 Views.