A more thorough explanation:

Definition: Utrumque nostrum (pronounced yoo-truhm-kwee nos-truhm) is a Latin phrase that means "each of us." It is commonly used in bonds.

Example: The bond stated that the debt would be paid by utrumque nostrum, meaning that both parties were responsible for repayment.

Explanation: In this example, utrumque nostrum is used to indicate that both parties involved in the bond are responsible for paying the debt. The phrase emphasizes the equal responsibility of each person.