joint tenancy - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “joint tenancy”

joint tenancy

noun [U]
 
 
LAW, PROPERTY
a legal agreement in which two or more people or groups together own a piece of property, and in which all of the property passes automatically to one owner if the others die →  Compare tenancy in common
(Definition of joint tenancy from the Cambridge Business English Dictionary © Cambridge University Press)
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