survivorship Hear it!

survivorship definition - legal

n

The right whereby someone who has an interest in a property becomes entitled to the entire property by virtue of outliving all others with an interest in that property. It is one of the features of joint tenancy. Also, the condition of the one person out of two or more to remain alive after the others die.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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