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Investment and Trading Glossary

A B C D E F G H I J K L M N O P  Q  R S T U V W X Y Z

 

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JOINT ACCOUNT

An account in which two or more individuals possess some form of control over the account and may transact business in the account.

The account must be designated as either joint tenants in common or joint tenants with right of survivorship.

See also joint tenants in common; joint tenants with right of survivorship.

JOINT TENANTS IN COMMON (JTIC)

A form of joint ownership of an account whereby a deceased tenant´s fractional interest in the account is retained by his estate

Syn tenants in common.

See also joint tenants with right of survivorship.

JOINT TENANTS WITH RIGHT OF SURVIVORSHIP (JRWROS)

A form of joint ownership of an account whereby a deceased tenant´s fractional interest in the account passes to the surviving tenant(s). It is used almost exclusively by husbands and wives.

See also joint tenants in common.

JTIC

Joint tenants in common.

JTWROS

Joint tenants with right of survivorship.