several obligation

several obligation
several obligation see obligation

Merriam-Webster’s Dictionary of Law. . 1996.

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  • obligation — ob·li·ga·tion /ˌä blə gā shən/ n 1: a promise, acknowledgment, or agreement (as a contract) that binds one to a specific performance (as payment); also: the binding power of such an agreement or indication held that the amendment did not… …   Law dictionary

  • several — sev·er·al adj [Anglo French, from Medieval Latin separalis, from Latin separ separate] 1 a: of or relating separately to each individual involved; specif: enforceable separately against each party each promisor owed a several duty see also… …   Law dictionary

  • obligation — A generic word, derived from the Latin substantive obligatio, having many, wide, and varied meanings, according to the context in which it is used. That which a person is bound to do or forbear; any duty imposed by law, promise, contract,… …   Black's law dictionary

  • several liability — see liability 2b Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. several liability …   Law dictionary

  • obligation solidaire — /obligasyown solider/ This, in French law, corresponds to joint and several liability in English law, but is applied also to the joint and several rights of the creditors and parties to the obligation …   Black's law dictionary

  • several — /sev euhr euhl, sev reuhl/, adj. 1. being more than two but fewer than many in number or kind: several ways of doing it. 2. respective; individual: They went their several ways. 3. separate; different: several occasions. 4. single; particular. 5 …   Universalium

  • several — sev•er•al [[t]ˈsɛv ər əl, ˈsɛv rəl[/t]] adj. 1) being more than two but fewer than many in number or kind: several ways to do the same thing[/ex] 2) respective; individual: They went their several ways[/ex] 3) separate; different: several… …   From formal English to slang

  • several — /ˈsɛvrəl / (say sevruhl) adjective 1. being more than two or three, but not many. 2. respective; individual: they went their several ways. 3. separate; different: three several occasions. 4. single; particular. 5. divers; various: the several… …  

  • joint and several bond — A bond in which the obligors are, by its terms, bound both jointly and individually to pay the full amount of the bond. The rule is that where an instrument worded in the singular is executed by several, the obligation is a joint and several one …   Ballentine's law dictionary

  • joint and several liability — see liability 2b Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. joint and several liability …   Law dictionary

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