Financial and business terms. 2012.
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
With Benefit Of Survivorship — A form of joint tenancy ownership where property passes to the survivor(s) when one of the joint members dies, rather than becoming part of the decedent s estate. With benefit of survivorship is a legally defined situation where two or more… … Investment dictionary
right of survivorship — right of survivorship: the right of the survivor of owners of property held jointly to take the entire property; esp: the right of the survivor of joint tenants to sole ownership of the entire property Merriam Webster’s Dictionary of Law. Merriam … Law dictionary
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
right — As a noun, and taken in an abstract sense, means justice, ethical correctness, or consonance with the rules of law or the principles of morals. In this signification it answers to one meaning of the Latin jus, and serves to indicate law in the… … 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 — 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
Concurrent estate — Property law Part of … Wikipedia
