Translations for „joint and several liability“ in the English » German Dictionary

joint and sev·er·al lia·ˈbil·ity N LAW

joint and several liability

gesamtschuldnerische Haftung

joint and several liability N ECON LAW

Specialized Vocabulary

joint and several liability

gesamtschuldnerische Haftung f

Monolingual examples (not verified by PONS Editors)

English

It has been largely successful in simplifying the often unfair burden created by allocation of loss under the joint and several liability system.

www.mondaq.com

Joint and several liability means that each company is responsible for the entire amount of the debt, meaning that the cost of the debt can be collected several times over.

www.nola.com

In particular, understand the joint and several liability clause in your mortgage.

www.independent.ie

Of the forty-six states that had a joint and several liability rule, thirty-three states have abolished or limited the rule.

en.wikipedia.org