right of survivorship

Definition
Ownership of property by two or more people in which the survivors automatically gain ownership of a decedent's interest. In the case of more than one survivor, the decendent's share is divided among the survivors. In addition, each owner can sell or gift his/her share as he/she wants, without the other owners' permission.




right of survivorship is ...
... part of the
Real Estate subject.


Related Terms

survivorship -
tenancy by the entirety -
tenancy in common -  More


right of survivorship appears in these other terms

joint tenancy with right of survivorship


right of survivorship appears in the definitions of these other terms on BusinessDictionary.com

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