Joint
Definition of 'Joint'A legal term describing a transaction or agreement where two or more parties act in unison.Joint can refer to a variety of situations, including: - joint accounts, where two or more parties share a single account, such as a bank or brokerage account - joint tenancies, where two or more parties share ownership in real property, such as joint tenants in common or tenancy by the entirety (a type of joint tenancy that exists only between a husband and wife) - annuities, such as joint and survivor annuities, insurance products that continue regular payments as long as one of the annuitants is alive, and - joint ventures, where two unaffiliated companies contribute financial and/or physical assets, as well as personnel, to a new company. |
|
Investopedia explains 'Joint'In addition to pertaining to accounts or ownership in real property, joint can also refer to liability. Joint liability exists in situations where two or more people share the burden of a debt. For example, if a husband and wife have joint liability for a debt, each is responsible for the entire amount of the debt. Several liability, on the other hand, would limit liability to each person's respective obligations. |
Related Definitions
Articles Of Interest
-
The Benefits And Pitfalls Of Joint Tenancy
This arrangement allows beneficiaries to access your account without having to go to court. -
Will jointly filing taxes have the effect of joining a couple's credit?
The only thing that "joins" the credit of a married couple is the ownership of joint accounts. In other words, if there is a credit card, line of credit, mortgage or loan in both names or one ... -
If two people own a securities account, listed as joint tenants-in-common, it means:
A. They each have an undivided interest in the propertyB. If one dies, that person's interest does not automatically pass to the otherC. They do not necessarily have equal interests ... -
Calculating The Present And Future Value Of Annuities
At some point in your life, you may have had to make a series of fixed payments over a period of time - such as rent or car payments - or have received a series of payments over a period of time, ... -
Should You Buy An Annuity?
For many cash strapped seniors an annuity sounds like the perfect solution. And it can be if you think you’ll outlive your mortality date. The only trouble is that the insurance companies offering ... -
Analyzing The Best Retirement Plans And Investment Options
Understanding the various retirement investments - from annuities to 401(k)s and everything in between - is crucial to reaching your retirement goals. Here, we examined many of the popular investments ... -
How To Buy Annuities (And When Not To)
Annuities are complicated products that require some basic homework to be done before requesting quotes. Retirees will want to think about how they envisage their lifestyle and even their potential ... -
5 Ways To Stretch Your Retirement Budget
Living comfortably can be easy if you follow a simple plan. -
What is an annuity?
An annuity is a contract between you and an insurance company in which you make a lump sum payment or series of payments and in return obtain regular disbursements beginning either immediately ... -
Immediate Annuities: More Income and Lower Taxes
These instruments may shed their bad rap to bring you a hefty tax break.
Free Annual Reports