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Joint tenancy

noun

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Noun
  1. 1
    A form of ownership by two or more individuals in which the share in the asset belonging to any of the owners passes automatically to the other owners upon death, without requiring probate.

    "The act of 1821, “concerning partition and joint rights and obligations,” undertook to deal only with joint tenancies and tenancies in common, held by the tenants in their own rights or in right of their wives."

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