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Joint and Several Liability - a legal term that means that if the people you are in a

business relationship with create debts and liabilities, you can be held liable to settle

them.

Joint Tenancy - a way of owning property when ownership is shared. Normally applies to

homes, and it means that if one person dies the other automatically gets the whole

property. Also the sharing is 50:50. See also Tenants in Common.