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Definition of 'Tenants In Common - TIC'
When a property is owned by two or more tenants. If one owner dies, the other does not automatically take the entire estate.
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Investopedia explains 'Tenants In Common - TIC'
When the person dies, the property portion is transferred to the descendant's beneficiary.
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Search results for 'Tenants In Common (TIC)'
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http://www.investopedia.com/exam-guide/series-26/mutual-fund-accounts/opening-account.asp
... Joint accounts may be designated as tenants in common (TIC), joint tenants with
right of survivorship (JTWROS) or tenants by entirety (TBE). ...
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http://www.investopedia.com/exam-guide/finra-series-6/customer-accounts/classification-accounts.asp
... Joint accounts may be designated as Tenants in Common (TIC), Joint Tenants with
Right of Survivorship (JTWROS) or Tenants by Entirety (TBE). ...
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http://www.investopedia.com/university/estate-planning/estate-planning2.asp
... This includes the following: Anyone who owns property alone, as tenants in common
(TIC), or as community property. Anyone owning assets in multiple states. ...
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http://www.investopedia.com/exam-guide/series-7/customer-accounts/opening-brokerage-account.asp
... Joint Tenants in Common (TIC): On a joint account, information for both
(or all) owners will be required. All customers must be ...
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