What is SOLIDARY?

A term of civil-law origin, signifying that the right or interest spoken of is joint or common. A “solidary obligation” corresponds to a “joint and several” obligation iu the common law; that is, one for which several debtors are bound in such wise that each is liable for the entire amount, and not merely for his proportionate share. But in the civil law the term also includes the case where there are several creditors, as against a common debtor, each of whom is entitled to receive the entire debt and give an acquittance for it.

More On This Topic



Link to This Definition
Did you find this definition of SOLIDARY helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary