Welcome: Home / Glossary of Terms
Bookmark and Share

Glossary of Terms

ALL | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z


Joint & Several Liability

A concept of liabillity in which two or more persons are each fully responsible for their own obligations, as well as for the obligations of the others. In a general partnership each partner has joint and several liability in respect of the partnership's debts and other obligations.

Jurisdiction

A specific geographic area in which a particular court or government has authority.

Top

Have a Question?






Click for the Business Profile for New Business Now.com