Joint Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Joint, written in plain English, along with examples of how it is used.
What is Joint?
It is a term used for a combined or united interest either in a right, property,obligation, action or relation of two or more persons. It refers to joint bank accounts, joint property holding, joint liability or debts etc.
History and Meaning of Joint
The term "joint" originated from the Latin word "junctus," meaning joined or united. In legal terms, it refers to an agreement or arrangement in which two or more individuals share a common interest or property.
In its most common usage, the term is used to describe joint accounts in which more than one person has access to the bank account and signs are required for any transactions. Joint tenancy is another example where more than one person owns a property.
Examples of Joint
- Joint bank account
- Joint venture
- Joint custody of a child
- Joint ownership of property
- Joint liability for a debt
Legal Terms Similar to Joint
- Tenancy in common - a form of co-ownership where each owner has a distinct share in the property
- Co-ownership - joint ownership of property by two or more individuals who share a common interest
- Partnership - an arrangement in which two or more people own and manage a business together.