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 does your checking account affect your credit score?

    Learn how your checking account is related to your credit score, as well as what types of banking activities do and do not ...
  2. What is the banking sector?

    Read this overview of the banking sector as a whole to discover why it is a vital industry, and what it does to drive economic ...
  3. What's the difference between a letter of credit and a bank guarantee?

    Learn how letters of credit and bank guarantees differ, how they are used by banks and companies, and how buyers apply to ...
  4. 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 ...
RELATED TERMS
  1. Structured Transaction

    A series of transactions that could have been treated as a single ...
  2. Portfolio Sale

    The sale of a large group of related financial assets in a single ...
  3. Deficiency Balance

    The amount owed to a creditor if the sale proceeds from the collateral ...
  4. Processing Date

    The month, day and year when a merchant’s bank processes a credit ...
  5. Settlement Bank

    The entity that facilitates the exchange of money between the ...
  6. Remote Deposit Capture

    A technology-based method that lets banks accept checks for deposit ...

You May Also Like

Related Articles
  1. Stock Analysis

    Is Bank of America Turning Around?

  2. Stock Analysis

    What Makes Goldman Sachs a Good Bet?

  3. Entrepreneurship

    JPMorgan vs. Goldman Sachs: A Tale of ...

  4. Stock Analysis

    How Citigroup Ensured That It's Too ...

  5. Trading Strategies

    Eyeing a Loan? Consider Skipping the ...

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!