JOINT TENANCY


Meaning of JOINT TENANCY in English

noun

: one of several forms of tenure in which two or more persons hold in concurrent ownership the same estate in realty or personalty and agree that upon the death of one joint tenant the full title to the estate remains in the surviving joint tenants and finally in the last survivor — compare tenancy by the entirety , tenancy in common

Webster's New International English Dictionary.      Новый международный словарь английского языка Webster.