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2017 Word of the Year

joint tenancy

noun, Law.
1.
a holding of property, either real or personal, by two or more persons with each sharing the undivided interest, the entire tenancy passing to the survivor or survivors.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2017.
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Examples from the Web for joint tenancy
Historical Examples
  • The object of the "joint tenancy" was to prevent any member of the organization from disposing of his share to an outsider.

    Shakespearean Playhouses

    Joseph Quincy Adams
  • It seems clear that Kirkham, Rastell, and Kendall held their moiety in joint tenancy.

    Shakespearean Playhouses

    Joseph Quincy Adams

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