survivorship of joint tenants
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Joint Tenants with Right of Survivorship - JTWROS — A type of brokerage account which is owned by at least two people, where all tenants have an equal right to the account s assets and are afforded survivorship rights in the event of the death of another account holder. In this type of brokerage… … Investment dictionary
Joint Tenants in Common - JTIC — A type of brokerage account which is owned by at least two people with no rights of survivorship afforded to any of the account holders. In this type of brokerage account, a surviving tenant of the account does not necessarily acquire the rights… … Investment dictionary
joint tenants with right of survivorship — In the case of a joint account, on the death of one account holder, ownership of the account assets is transferred to the remaining account holder or holders. Bloomberg Financial Dictionary … Financial and business terms
joint tenants — Two or more persons who jointly own an interest in land. When one dies, the other(s) takes his share by right of survivorship. No one tenant has rights to any particular part of the property and no tenant may exclude another … Big dictionary of business and management
joint tenancy — see tenancy Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. joint tenancy … Law dictionary
survivorship — sur·vi·vor·ship n 1: the right of one or more joint tenants who have survived another to take the interest of the person who has died 2: the state of being a survivor Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
joint and survivorship estate — A joint tenancy; an estate held by two or more jointly to continue during their joint lives and to vest upon the death of one in the remaining joint tenant or joint tenants, and so on, in a case of more than two joint tenants, until the survivor… … Ballentine's law dictionary
joint — United; combined; undivided; done by or against two or more unitedly; shared by or between two or more; coupled together in interest or liability. The term is used to express a common property interest enjoyed or a common liability incurred by… … Black's law dictionary
joint — United; combined; undivided; done by or against two or more unitedly; shared by or between two or more; coupled together in interest or liability. The term is used to express a common property interest enjoyed or a common liability incurred by… … Black's law dictionary
joint tenancy — An estate held by two or more persons jointly, with equal rights to share in its enjoyment during their lives, and having as its distinguishing feature the right of survivorship, or jus accrescendi, by virtue of which the entire estate, upon the… … Ballentine's law dictionary
