Business terms and jargon explained. Your business dictionary

What is In solidum

Legalese Explained: A legal Latin term used in the UK legal system to mean "for the whole".
For example
In the case of a company, if one of the directors breaks an agreement or the law all the directors are liable for the actions of the one as they are in solidum. Any one of the directors can be picked and sued for the full amount.

<- Go Back
Business Terms Home page

Search jargon and terms database to learn more:-

A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z

Search Term   

Conditional Sale Direct tax Directives - EU Balance of payments (BOP)
Power of Attorney Committal proceedings Chargeable Asset Equity Rates
EMEAR N323 Civil Court form Single linking agreement Accounts payable
Dead Wood Self-Billing Zombies Local Justice Area
Birr Securitisation Preference Shares WYSIWYG
Donor Shrinkage Deferred sentence Grant of confirmation
Faciendum Term Loan White Bonnet Malum in se
Summary Judgment Two-comma N9 Civil Court form Ceteris paribus
Repurpose Adjourn NES Bid
Debenture Eminant Domain Publici juris Demilitarised Zone - DMZ

Term created / updated 2013-07-02 09:38:22

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.

Copyright © 2004-2019 Scopulus Limited. All rights reserved.