Juridique & Transaction
Severability Bar
Joint and Several Debt Indivisibility Provision
Definition
A rigid retail banking safeguard inserted into multi-borrower mortgage agreements establishing that each individual co-signer remains independently liable for 100% of the aggregate outstanding debt balance.
FR
Clause d'Indivisibilité
Clause d'indivisibilité et de solidarité contractuelle
Keywords
clause indivisibilitebanquesolidariteco emprunteurcreditnotaire