- Joint Tenants with Right of Survivorship - JTWROS
- A type of brokerage account which is owned by at least two people, where all tenants have an equal right to the account's assets and are afforded survivorship rights in the event of the death of another account holder.
In this type of brokerage account, a surviving member will inherit the total value of the other member's share of account assets upon the death of that other member. All members of the account are afforded the power to conduct investment transactions within the account as well.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
joint tenants with right of survivorship — 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. Bloomberg Financial Dictionary … Financial and business terms
right of survivorship — right of survivorship: the right of the survivor of owners of property held jointly to take the entire property; esp: the right of the survivor of joint tenants to sole ownership of the entire property Merriam Webster’s Dictionary of Law. Merriam … Law dictionary
joint tenancy — see tenancy Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. joint tenancy … Law dictionary
survivorship — sur·vi·vor·ship n 1: the right of one or more joint tenants who have survived another to take the interest of the person who has died 2: the state of being a survivor Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
right — As a noun, and taken in an abstract sense, means justice, ethical correctness, or consonance with the rules of law or the principles of morals. In this signification it answers to one meaning of the Latin jus, and serves to indicate law in the… … Black's law dictionary
joint — United; combined; undivided; done by or against two or more unitedly; shared by or between two or more; coupled together in interest or liability. The term is used to express a common property interest enjoyed or a common liability incurred by… … Black's law dictionary
joint tenancy — An estate held by two or more persons jointly, with equal rights to share in its enjoyment during their lives, and having as its distinguishing feature the right of survivorship, or jus accrescendi, by virtue of which the entire estate, upon the… … Ballentine's law dictionary
estate in joint tenancy — An estate held by two or more persons jointly, with equal rights to share in its enjoyment during their lives, and having as its distinguishing feature the right of survivorship, by virtue of which the entire estate goes to the survivor (or in… … Ballentine's law dictionary
Four unities — The four unities is a concept in the common law of real property describing conditions that must exist in order for certain kinds of property interests to be created. Specifically, in order for two or more people to own property as joint tenants… … Wikipedia
Tax protester constitutional arguments — UStaxationTax protester constitutional arguments are assertions that the imposition of the federal income tax violates the United States Constitution. These kinds of tax protester arguments are distinguished from related statutory arguments and… … Wikipedia
право выжившего — Один из владельцев собственности, находившейся в совместном владении, получает право владения в случае смерти второго владельца. См. также joint tenants with right of survivorship; tenants in common … Финансово-инвестиционный толковый словарь