right of survivorship
DefinitionOwnership 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.
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right of survivorship is ...
... part of the Real Estate subject.
... part of the Real Estate subject.
Related Terms
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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