survivorship

American  

[ser-vahy-ver-ship] / sərˈvaɪ vərˌʃɪp /

noun

1. the state of being a survivor.

2. Law. a right of a person to property on the death of another having a joint interest: in the case of more than two joint tenants, the property passes to successive survivors.

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Etymology

Origin of survivorship

First recorded in 1615–25; survivor + -ship

Example Sentences

You did one thing correctly: Joint tenancy with the right of survivorship is the most common form of ownership for married couples and co-investors, like your brother and your good self, who want to make sure that half of the property does not end up in the hands of a third party.

From MarketWatch

Even if one Social Security benefit goes away after death, people with survivorship pensions and required minimum distributions on other retirement accounts can find themselves in a higher tax bracket, he said.

From The Wall Street Journal

My wife is included in all this; she will get 100% survivorship and healthcare when I pass away.

From MarketWatch

You could obtain a copy of any property’s deed to see who is listed and whether any properties were held with the right of survivorship.

From MarketWatch

The biggest missing link from your letter is whether your husband’s pension offers 50%, 75%, or 100% survivorship.

From MarketWatch