tenancy by the entirety

tenancy by the entirety definition - finance
A form of property co-ownership in which ownership passes at the death of one co-owner to the surviving co-owner. Tenancy by the entirety is similar to joint tenancy with right of survivorship. However, tenancy by ownership interests are limited to ownership by two persons who are married when the property is acquired. If the couple divorces, then the ownership automatically changes to tenancy in common.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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can tenantcy by the entireties be applied to personal property or just real property?

Posted by anonymous 54 days ago.

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