Jointly and severally: what it means and how it works.

. How Joint and Several Liability Works. What does jointly but not severally mean? The phrase “jointly but not severally” is a legal term that is typically used in business contracts to indicate that the parties to the contract are jointly liable for any obligations under the contract, but that each party is only severally … Read more

What You Should Know About C-Notes.

A c-note is a term used to refer to a $100 bill. The “c” in c-note stands for “cent,” as in “100 cents.” The term c-note is thought to have originated in the early 1900s, when $100 bills were referred to as “cent” notes. What does 50 mean in slang? 50 in business slang typically … Read more