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joint tenancy

The correct spelling is joint tenancy.

How to pronounce joint tenancy

noun

Say it like: Joy-nt -ten-ans-ee

The correct spelling is joint tenancy. A form of ownership by two or more individuals in which the share in the asset belonging to any of the owners passes automatically to the other owners upon death, without requir…

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Definition

noun

  1. 1.A form of ownership by two or more individuals in which the share in the asset belonging to any of the owners passes automatically to the other owners upon death, without requiring probate.

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