Joint Liability

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Dictionary Says

Definition of 'Joint Liability'

An obligation, including an obligation to repay a debt between two or more parties. A joint liability allows parties to share the risks associated with taking on additional debt, and to protect themselves in the event of legal litigation and lawsuits.
Investopedia Says

Investopedia explains 'Joint Liability'

A joint liability for a debt is the result of two or more parties applying jointly for credit as co-borrowers, which is implied in a general partnership. Under the regulations of a general partnership, any partner entering into a contract with or without the knowledge of other partners automatically binds all partners to that contract.

A co-signer of a loan or another debt obligation also has joint liability for a debt; however, this is contingent upon default by the borrower.
Search results for

'Joint Liability'

  • CFA Level 1 Study Guide - Quantitative Methods - Joint Probability ...

    http://www.investopedia.com/exam-guide/cfa-level-1/quantitative-methods/joint-probability.asp
    ... 2.13 Basic Probability Concepts; 2.14 Joint Probability; 2.15 Advanced Probability ...
    Asset Impairment. 9. Liabilities: 9.1 Introduction; 9.2 Current Liability Basics ...

  • Deciphering Deferred Annuity Designations

    http://www.investopedia.com/articles/pf/06/ownerannuitant.asp
    ... the beneficiaries would have taxes to pay, while the surviving joint owner would ...
    This would stretch out the payments and associated income tax liability for a ...

  • Cover Your Company With Liability Insurance

    http://www.investopedia.com/articles/pf/08/CGL-insurance.asp
    ... tenant liability and employment practices liability. The CGL policy is tailor-made
    for any small or large business, partnership or joint venture businesses, a ...

  • CFA Level 1 Study Guide - Liabilities - Long-Term Liability Basics ...

    http://www.investopedia.com/exam-guide/cfa-level-1/liabilities/long-term-liability-basics.asp
    ... 2.13 Basic Probability Concepts; 2.14 Joint Probability; 2.15 Advanced Probability ...
    Asset Impairment. 9. Liabilities: 9.1 Introduction; 9.2 Current Liability Basics ...

  • Relationship Money Matters

    http://www.investopedia.com/articles/pf/07/money_matters.asp
    ... A knowledgeable CPA can help some unmarried couples lower their joint tax liability,
    and divorced or surviving spouses can sometimes avoid losing spousal ...

  • CFA Level 1 Study Guide - Liabilities - Current Liability Basics ...

    http://www.investopedia.com/exam-guide/cfa-level-1/liabilities/current-liability-basics.asp
    ... 2.13 Basic Probability Concepts; 2.14 Joint Probability; 2.15 Advanced Probability ...
    Asset Impairment. 9. Liabilities: 9.1 Introduction; 9.2 Current Liability Basics ...

  • 4 Financial Liabilities Young Adults Should Avoid - Investopedia. ...

    http://financialedge.investopedia.com/financial-edge/0811/4-Financial-Liabilities-Young-Adults-Should-Avoid.aspx
    ... Instead, they can charge on your account as much as they want and never have any
    financial liability. Skip the Joint Account Whether it's through a bank ...

  • Spotting Creative Accounting On The Balance Sheet

    http://www.investopedia.com/articles/fundamental-analysis/10/creative-accounting-balance-sheet.asp
    ... to conceal and manipulate the true performance of their subsidiaries or joint ventures ...
    Companies that fail to record a contingent liability that is likely to be ...

  • Happily Married? File Taxes Separately!

    http://www.investopedia.com/articles/tax/08/file-seperately.asp
    ... then came marriage, then came the decision to file joint tax returns ... Liability Issues
    Originally, the status was created to accommodate divorcing or separated ...

  • Holding Titles On Real Property

    http://www.investopedia.com/articles/mortgages-real-estate/08/title-ownership-property.asp
    ... with benefits surrounding managerial influence, financial and legal liability, in
    addition ... In the event of sole and joint ownership by individuals, prospective ...

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