Exchange Currency

jointly and severally

A type of agreement that establishes the responsibility for selling the securities in an underwriting. Members of an underwriting group agree to buy a certain amount of the new issue and to share liability for the obligations of the other members of the group.

Related information about jointly and severally:
  1. Joint and several liability - Wikipedia, the free encyclopedia
    In Ohio after April 2003, only defendants who are responsible for more than 50% of the tortious conduct can be held jointly and severally liable for economic ...
     
  2. Jointly and Severally Definition | Investopedia
    1. A legal term describing a partnership in which individual decisions are bound to all parties involved and thus undivided. 2. A term used in underwriting ...
     
  3. Jointly and severally liable - Legal Dictionary - The Free Dictionary
    A designation of liability by which members of a group are either individually or mutually responsible to a party in whose favor a judgment has been awarded.
     
  4. What is jointly and severally? definition and meaning
    Definition of jointly and severally: Term used commonly in loan agreements involving two or more borrowers. Under the legal concept of joint and several liability ...
     
  5. Joint and Several Liability | LII / Legal Information Institute
    When two or more parties are jointly and severally liable for a tortious act, each party is independently liable for the full extent of the injuries stemming from the ...
     
  6. Jointly and Severally: Definition from Answers.com
    In general: legal phrase used in definitions of liability meaning that an obligation may be enforced against all obligators jointly or against any one.
     
  7. Jointly and Severally - InvestingAnswers
    We explain the definition of Jointly and Severally, provide a clear example of how it works and explain why it's an important concept in business, finance ...
     
  8. The Difference Between Jointly Liable & Joint & Several Liability ...
    Joint and several liability often appears in tort law, particularly in negligence cases. Moreover, if two individuals are jointly and severally liable for a negligent act, ...