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Jointly And Severally
Jointly And Severally
Jointly And Severally
Jointly And Severally
Jointly And Severally

The following information is about Jointly And Severally.

Jointly And Severally Defined

Municipal bond underwriting in which the account is undivided and syndicate members are responsible for unsold bonds in proportion to their participation, regardless of how many bonds they may have already sold. A firm with 20% of the account is responsible for selling 20% of the unsold bonds even if has already sold 25% of the total debt issue, for example. See: Severally but not jointly.

This definition is in context to Finance. See more contextual defintions for Jointly And Severally.


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