right of survivorship
Definitions
Construction
- A feature of a joint tenancy and of tenancy by the entirety. When one owner dies, the deceased owner's share of ownership is split among the surviving owners, thereby increasing the surviving owners' proportional shares. See also joint tenancy.
Law
- noun a right of the survivor of a joint tenancy to the estate rather than of the heirs of the deceased tenant
Real Estate
- noun the fact that, on the death of a joint tenant, his or her rights and ownership pass to the surviving joint tenants and cannot be transferred under the terms of a will
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