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:
- 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 ...
- 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 ...
- 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.
- 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 ...
- 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 ...
- 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.
- 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 ...
- 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, ...