joint ownership – undivided ownership shared by two or more persons wherein an owner’s interest, at death, passes to the surviving owner(s) by virtue of the right of survivorship

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joint ownership:
(18c)

1. Undivided ownership shared by two or more persons.  *  Typically, an owner’s interest, at death, passes to the surviving owner or owners by virtue of the right of survivorship. [1]

1. In one sense, a joint tenancy or a tenancy by the entirety.

2. In another sense, any property owned together with another, including a tenancy in common and community property. [3]

joint owners:

1. Co-owners.
     See cotenancy. [2]

Related Terms:

tenancy by the entirety – an estate in land or in personal property that exists between husband and wife; jointly owned with right to survivorship. . — aka estate by the entirety; estate by entireties; estate by the entireties; tenancy by the entirety; tenancy by the entireties.

References:

Disclaimer: All material throughout this website is compiled in accordance with Fair Use.

[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4

[2]:  Ballantine’s Law Dictionary Legal Assistant Edition
by Jack Ballantine 
(James Arthur 1871-1949).  Doctored by Jack G. Handler, J.D. © 1994 Delmar by Thomson Learning.  ISBN 0-8273-4874-6.

[3]: Ballantine’s Law Dictionary with Pronunciations Third Edition by James A. Ballantine (James Arthur 1871-1949).  Edited by William S. Anderson.  © 1969 by THE LAWYER’S CO-OPERATIVE PUBLISHING COMPANY.  Library of Congress Catalog Card No. 68-30931

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