Joint


Joint

A legal term describing a transaction or agreement where two or more parties act in unison.

Joint can refer to a variety of situations, including:
- joint accounts, where two or more parties share a single account, such as a bank or brokerage account
- joint tenancies, where two or more parties share ownership in real property, such as joint tenants in common or tenancy by the entirety (a type of joint tenancy that exists only between a husband and wife)
- annuities, such as joint and survivor annuities, insurance products that continue regular payments as long as one of the annuitants is alive, and
- joint ventures, where two unaffiliated companies contribute financial and/or physical assets, as well as personnel, to a new company.

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.


Investment dictionary. . 2012.

Synonyms:

Look at other dictionaries:

  • joint — adj 1: common to two or more: as a: involving the combined activity or negligence of two or more a joint tort see also joint tortfeasor compare several b …   Law dictionary

  • joint — joint, ointe 1. (join, join t ) part. passé de joindre. 1°   Il se dit de choses mises à côté l une de l autre, de manière à se toucher, à tenir ensemble. Ces pièces de bois n ont pas été jointes, ne sont pas bien jointes. •   Un voyageur… …   Dictionnaire de la Langue Française d'Émile Littré

  • Joint — (joint), n. [F. joint, fr. joindre, p. p. joint. See {Join}.] [1913 Webster] 1. The place or part where two things or parts are joined or united; the union of two or more smooth or even surfaces admitting of a close fitting or junction; junction; …   The Collaborative International Dictionary of English

  • Joint — (joint), a. [F., p. p. of joindre. See {Join}.] [1913 Webster] 1. Joined; united; combined; concerted; as, joint action. [1913 Webster] 2. Involving the united activity of two or more; done or produced by two or more working together. [1913… …   The Collaborative International Dictionary of English

  • joint — joint, articulation, suture denote a place where two things are united or the mechanism by which they are united. Joint is the most inclusive of these terms and is freely usable in reference both to anatomical and mechanical structures. In… …   New Dictionary of Synonyms

  • joint — [joint] n. [OFr < L junctus, pp. of jungere, to join, YOKE] 1. a place or part where two things or parts are joined 2. the way in which two things are joined at such a part 3. one of the parts or sections of a jointed whole 4. a large cut of… …   English World dictionary

  • joint — [dʒɔɪnt] adjective [only before a noun] shared by, owned by, or involving two or more people, organizations, or countries: • The companies made a joint statement last night. • The two men were appointed joint managing directors in June. • The two …   Financial and business terms

  • Joint — Joint, v. t. [imp. & p. p. {Jointed}; p. pr. & vb. n. {Jointing}.] [1913 Webster] 1. To unite by a joint or joints; to fit together; to prepare so as to fit together; as, to joint boards. [1913 Webster] Pierced through the yielding planks of… …   The Collaborative International Dictionary of English

  • JOINT — «JOINT» Sencillo de Mami Kawada del álbum Savia Formato CD Grabación 2007 Género(s) J Pop Duración 17:40 …   Wikipedia Español

  • joint — [adj] shared, combined collective, common, communal, concerted, conjoint, conjunct, consolidated, cooperative, hand in hand, intermutual, joined, mutual, public, united; concepts 577,708 Ant. disjoint, separate, single, uncombined, unshared  … …   New thesaurus

  • joint — ► NOUN 1) a point at which parts are joined. 2) a structure in a body by which two bones are fitted together. 3) the part of a plant stem from which a leaf or branch grows. 4) Brit. a large piece of meat. 5) informal an establishment of a… …   English terms dictionary


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