Joint tenants with right of survivorship

Definition:

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.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Force Majeure

Events outside the control of the parties. These events are acts of man, nature, governments and regulators, or impersonal events. Contract performance is forgiven or extended by the period of force... Read More

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