survivorship

survivorship definition - business

survivorship

  1. The right to ownership of an asset because of outliving the person with which the survivor had an undivided interest.
  2. A life insurance policy that insures two lives and does not pay death benefits until the death of both insureds.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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