Definitions for "Joint credit"
Joint credit is issued to two people based on an evaluation of each party's respective assets, incomes and credit history. Both parties are fully responsible for repaying the debt.
Issued to a couple based on both of their assets, incomes and credit reports. It generally results in a higher credit limit, but makes both parties responsible for repaying the debt.
Credit that is issued to two people based their credit reports and their combined assets and incomes. The repayment of joint credit is the responsibility of both parties.