jointobligation
nounUK /ˌdʒɔɪnt ˌɒblɪˈɡeɪʃən/
US /ˌdʒɔɪnt ˌɑːblɪˈɡeɪʃən/
A joint obligation is a promise that two or more people must keep together.
The two friends signed a joint obligation to pay for the rented boat.
RELATED WORDS
OTHER MEANINGS
2. A legal duty that binds two or more parties equally.
Under the lease, the roommates had a joint obligation to pay the rent.
3. A task that a team must complete as a group.
Cleaning the classroom was a joint obligation for all the students.
4. A financial promise made together by co-signers.
The bank required a joint obligation from both business owners.