Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• JOINT TENANTS WITH RIGHTS OF SURVIVORSHIP
  
  Is a type of account which permits multiple owners. In the event of death, the surviving holders acquire greater ownership interests until there is only one survivor who becomes the 100 percent beneficial owner. Generally, this type of an account is setup for spouses. There can be various interrelated estate planning issues.
  
  Back