The commonly accepted definition of "joint credit" (as it applies to financial transactions and investment banking) is: "Credit issued to two or more people based on their combined incomes, assets and credit histories. The parties involved accept joint responsibility for repaying the debt." Typically it is based on the IRS rules where financial information is reported to two different financial accounts (social security numbers). Thus when credit reports are pulled and analyzed, one SSN account information would jointly be included on another SSN account. Therefore, joint credit is often applied to married couples, since married couples are able to file their taxes and financial information jointly.
Investopedia says... Many married couples apply for joint credit. This is especially true with the purchase of a home. Joint credit is an issue and concern in divorce proceedings, under which the terms may give one partner responsibility for certain debts and the other partner responsibility for other debts. It is possible that subsequent to the divorce proceedings, the former partners may still affect one another's credit.
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