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

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]

References:

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

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