Account registration in which two or more individuals own a certain proportion of an account. Each tenant`s proportion is distributable as part of the owners estate, so that if one of the account holders dies, that owner`s heirs are entitled to that proportional share of the account.
A way of owning property in which two or more owners all 'share' ownership of the property. The owners can own various percentages of the whole property, unlike joint tenants which each own an equal share. When one owner dies, his or her share does not 'automatically' go to the other owner(s), because tenancies in common do not have a survivorship ...
Joint owners of a property. Each is free to dispose of their share as they wishTwo or more persons who own land in undivided shares which pass on death under the terms of a will or intestacy (to be contrasted with joint tenants)
See: tenancy in common
An agreement between purchaser where in the event of either death the value of that person