If two people own a securities account, listed as joint tenants-in-common, it means:

By Peter Cherewyk AAA
A:

A. They each have an undivided interest in the property

B. If one dies, that person's interest does not automatically pass to the other

C. They do not necessarily have equal interests in the account

D. All of the above






Correct answer: D

While the joint tenants with right of survivorship designation does imply equal shares and automatic passing of ownership to the remaining partner at death, tenants in common does not.



RELATED FAQS

  1. How do leverage ratios help to regulate how much banks lend or invest?

    Learn what leverage ratios mean for banks, how regulators restrict leverage, and what impact ratios have on a bank's ability ...
  2. Can I use a prepaid credit card to pay bills or to transfer money to other accounts?

    Learn how prepaid credit cards enable convenient bill payments and transfers. Explore different fees charged for such transactions.
  3. What’s the difference between overdraft protection and overdraft settings?

    Learn what overdraft settings are, how they impact your relationship with your bank and how they govern the overdraft protections ...
  4. What are some examples of overdraft protection?

    Establish overdraft protection plans to ensure that your bills are paid on time. Use overdraft protection carefully to avoid ...
RELATED TERMS
  1. Debit Card

    An electronic card issued by a bank which allows bank clients ...
  2. Asset Valuation Review (AVR)

    A process that establishes an estimate of the value of a failed ...
  3. International Finance Corporation

    The International Finance Corporation is an organization dedicated ...
  4. Charging Bull

    Charging Bull is a bronze sculpture by artist Arturo Di Modica ...
  5. International Finance

    Definition of international finance
  6. Credit Card Authorized User

    Definition of an authorized user of a credit card.

You May Also Like

Related Articles
  1. Economics

    Indian Banking Regulations -- What You ...

  2. Investing Basics

    An Investor's Guide To Bank Stress-Testing

  3. Stock Analysis

    How Bank of America Holds 1/8 of All ...

  4. Stock Analysis

    JPMorgan Chase: Too Big (And Profitable) ...

  5. Stock Analysis

    How Visa Counts On Your Free-Spending ...

Trading Center