joint tenancy

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 death of a joint tenant, goes to the survivor (or, in the case of more than two joint tenants, to the survivors, and so on to the last survivor), free and exempt from all charges made by his deceased cotenant or cotenants in which he did not concur. 20 Am J2d Coten § 3. See joint bank account.

Ballentine's law dictionary. . 1998.

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Look at other dictionaries:

  • joint tenancy — see tenancy Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. joint tenancy …   Law dictionary

  • Joint tenancy — Joint Joint (joint), a. [F., p. p. of joindre. See {Join}.] [1913 Webster] 1. Joined; united; combined; concerted; as, joint action. [1913 Webster] 2. Involving the united activity of two or more; done or produced by two or more working together …   The Collaborative International Dictionary of English

  • joint tenancy — UK US noun [U] LAW, PROPERTY ► a legal agreement in which two or more people or groups together own a piece of property, and in which all of the property passes automatically to one owner if the others die → Compare TENANCY IN COMMON(Cf. ↑tenancy …   Financial and business terms

  • joint tenancy — n. ownership of property by two or more persons, each having an undivided interest in the entire property and SURVIVORSHIP (sense 2) joint tenant n …   English World dictionary

  • joint tenancy — Real property owned by two or more persons each of which has an undivided interest in the whole as well as a right of survivorship (SA Bankruptcy.com) A lien obtained by judgment, levy, sequestration, or other legal or equitable process or… …   Glossary of Bankruptcy

  • Joint Tenancy — A type of property right where two or more people own or rent a property together, each with equal rights and obligations, until one owner dies. Upon an owner s death, that owner s interest in the property passes to the survivors without the… …   Investment dictionary

  • joint tenancy — noun : one of several forms of tenure in which two or more persons hold in concurrent ownership the same estate in realty or personalty and agree that upon the death of one joint tenant the full title to the estate remains in the surviving joint… …   Useful english dictionary

  • joint tenancy — Law. a holding of property, either real or personal, by two or more persons with each sharing the undivided interest, the entire tenancy passing to the survivor or survivors. Cf. tenancy in common. * * * …   Universalium

  • tenancy — ten·an·cy / te nən sē/ n pl cies 1: the holding of or a mode of holding an estate in property: a: a form of ownership of property: tenure b: the temporary possession or occupancy of property that belongs to another holdover tenancy …   Law dictionary

  • joint — adj 1: common to two or more: as a: involving the combined activity or negligence of two or more a joint tort see also joint tortfeasor compare several b …   Law dictionary

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