Co-Owner

AAA

DEFINITION of 'Co-Owner'

An individual or group that shares ownership in an asset with another individual or group. The co-owner of an asset owns a percentage, though the amount may vary according to the ownership agreement. The rights of each owner are typically defined in accordance with a contract or written agreement, which include treatment of revenue and tax obligations.

INVESTOPEDIA EXPLAINS 'Co-Owner'

The relationship between co-owners can vary, and the financial and legal obligations depend on the benefits each party ultimately look to receive.. For example, in real estate, the parties involved may operate under a Joint Tenancy or Tenancy In Common.

RELATED TERMS
  1. Joint Tenancy

    A type of property right where two or more people own or rent ...
  2. Co-mortgagor

    A party or individual who cosigns a mortgage loan. Co-mortgagors ...
  3. Beneficial Owner

    1. A person who enjoys the benefits of ownership even though ...
  4. Business Model

    The plan implemented by a company to generate revenue and make ...
  5. Tenancy In Common

    A way for two or more people to have equal ownership interests ...
  6. Plant Patent

    An intellectual property right that protects a new and unique ...
Related Articles
  1. Holding Titles On Real Property
    Retirement

    Holding Titles On Real Property

  2. The Benefits And Pitfalls Of Joint Tenancy
    Personal Finance

    The Benefits And Pitfalls Of Joint Tenancy

  3. Knowing Your Rights As A Shareholder
    Investing Basics

    Knowing Your Rights As A Shareholder

  4. What Owning A Stock Actually Means
    Investing Basics

    What Owning A Stock Actually Means

comments powered by Disqus
Hot Definitions
  1. Halloween Massacre

    Canada's decision to tax all income trusts domiciled in Canada. In October 2006, Canada's minister of finance, Jim Flaherty, ...
  2. Zombies

    Companies that continue to operate even though they are insolvent or near bankruptcy. Zombies often become casualties to ...
  3. Witching Hour

    The last hour of stock trading between 3pm (when the bond market closes) and 4pm EST. Witching hour is typically controlled ...
  4. October Effect

    The theory that stocks tend to decline during the month of October. The October effect is considered mainly to be a psychological ...
  5. Repurchase Agreement - Repo

    A form of short-term borrowing for dealers in government securities.
  6. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
Trading Center