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right of survivorship |
Also found in: Legal | 0.01 sec. |
right of survivorship The right to enjoy full and undivided ownership of property after the death of another. It may apply to real property, or to personal property, including bank accounts. In real estate,the right is incidental to an estate called joint tenancy or sometimes joint tenancy with right of survivorship.The estate can be destroyed in most states if one of the joint owners, without the knowledge or consent of the others, conveys (transfers) his or her interest to someone else. The purchaser does not enjoy a right of survivorship with the other remaining joint tenants,but has only an undivided interest that will pass to his or her heirs upon death. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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right of contribution right of entry right of first offer; right of first opportunity right of first refusal right of prospect right of redemption Right of rescission right of survivorship Right to Financial Privacy Act right to jury trial right to views right-of-way Rights Rights Agreement Rights Agreement (aka "Poison Pill" |
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