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Investing > Joint Tenants In Common (JTIC)

The following information is about Joint Tenants In Common (JTIC).

Joint Tenants In Common (JTIC) Defined

Ownership of assets by two or more individuals. A specific ownership percentage is assigned to each individual. In the event of the death of one party, the deceased's interest passes to their estate and not to the surviving tenant(s).

See Also: Joint Tenancy

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