What is ‘Joint’
A legal term describing a transaction or agreement where two or more parties act in unison.
Explaining ‘Joint’
In addition to pertaining to accounts or ownership in real property, joint can also refer to liability. Joint liability exists in situations where two or more people share the burden of a debt. For example, if a husband and wife have joint liability for a debt, each is responsible for the entire amount of the debt. Several liability, on the other hand, would limit liability to each person’s respective obligations.
Further Reading
- Group-lending: Sequential financing, lender monitoring and joint liability – www.sciencedirect.com [PDF]
- Joint supply and the finance of charitable activity – journals.sagepub.com [PDF]
- The joint demand for health care, leisure, and commodities: Implications for health care finance and access in Vietnam – www.tandfonline.com [PDF]
- An Analysis on the Competition Ability of Joint-Equity Commercial Banks [J] – en.cnki.com.cn [PDF]
- The economics of lending with joint liability: theory and practice – www.sciencedirect.com [PDF]
- International joint ventures in developing countries – search.proquest.com [PDF]
- The Preliminary Assumption to the Joint-Stock System Reform of State-Commercial Banks [J] – en.cnki.com.cn [PDF]
- Effectiveness of Salary Incentives in Our Joint-Stock Commercial Banks [J] – en.cnki.com.cn [PDF]
- Solving fuzzy equations in economics and finance – www.sciencedirect.com [PDF]
