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. 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 ...
  2. 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 ...
  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. 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.
RELATED TERMS
  1. Recurring Billing

    When a merchant automatically charges a cardholder for specified ...
  2. UDAAP

    Misleading or harmful behaviors by those who offer financial ...
  3. Convenience Fee

    A charge assessed by a payee when a consumer pays with a credit ...
  4. Automatic Bill Payment

    A money transfer scheduled on a predetermined date to pay a recurring ...
  5. Debit Card

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

    A process that establishes an estimate of the value of a failed ...

You May Also Like

Related Articles
  1. Trading Strategies

    Eyeing a Loan? Consider Skipping the ...

  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. Chart Advisor

    Is Now the Time To Buy The Big U.S. ...

Trading Center