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Glossary Home | Search Glossary | Submit New Term Joint and several liabilityTwo or more people have a legal duty that can be enforced against them by joint action, against all members, and against themselves as individuals. For example, a bank can require repayment from any and all of those who have borrowed to buy real estate property. each borrower is responsible for the entire debt, not only the percentage share. Find a Real Estate Agent to help you to buy or sell a home |
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