joint tenancy with right of survivorship
A term to know.
A co-ownership of property between two or more individuals, where a survivor(s) has an automatic right to inherit a deceased owner's interest upon his or her death ("by operation of law"). The co-owners must acquire the property with the four unities of time, title, interest, and possession being present.
Synonyms:
JTROS, JTWROS, joint tenancies, joint tenancies with right of survivorship, joint tenancy
Synonyms list
(a comma-separated list)
JTROS, JTWROS, joint tenancies, joint tenancies with right of survivorship, joint tenancy