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As tenants by entirety (ATBE)
This designation is only recognised in a limited number of states and is only allowed for married couples. Upon the death of one of the spouses, the surviving spouse in entitled to the assets in the account. ATBE may provide some protection in the event of a liability lawsuit against one of the spouses.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Funds
- Company: Merrill Lynch
- Product:
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