joint

Definition:

used to describe ownership of property, a liability, tenancy of land etc. by two or more persons who must all act together in relation to the property, liability, land etc. , which is not divided into separate pieces for each of the persons. Each person is deemed to have the whole of the property, liability, land etc. which is said to be in ‘undivided shares’. If the persons are individuals and one dies then that individual’s interest in the property, liability, land etc. comes to an end and the property etc. goes to the survivors. Compare ‘in common’.



Contribute:

Add to or refine this definition | Discuss on our forum

Share: