Home
E-Mail
Latest

Tenancy In Common Financial Glossary

What is it? Co-ownership of a property by two or more people where each tenant has an equal interest and equal rights to the property. If one party dies, ownership can be passed to the remaining owner(s) via inheritance.

Finance Term Definition Added By: Ethan

The Tenancy In Common definition has been viewed 1597 Time(s)!




Send To Friends!

If you'd like to send the Tenancy In Common definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -





We hope you now understand the meaning of Tenancy In Common. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term prospectus is A document that describes the details and financial support for a new bond or stock issue offering. A prospectus is required by the Securities and Exchange Commission.

Financial Term Grace Period is The period, usually 20 to 25 days, during which finance charges can be avoided if a balance is paid in full.

Financial Term equipment trust certificates is A common type of secured corporate bond. For these bonds, a collateral interest in equipment or machinery provides extra protection for bond holders. In most cases, the equipment that is pledged to secure the bonds is equipment or machinery that is purchased from the proceeds of the bond issue. Typically, a trustee will purchase the equipment, issue the bonds, and lease the equipment to the end user. The end users lease payments to the trustee are passed to the bond holders in the form of interest and principal. When the bonds are retired, the end user acquires title to the equipment. Airlines, railroads, and shipping companies are the most common issuers.

Financial Term Strike Price is Exercise price of an option.

Financial Term Commodity Item is Refers to item(s) being purchased. Provides a description of the purchased item (e.g. paper, test tubes).