tenants in common

tenants in common

Account registration in which two or more individuals own a certain proportion of an account. Each tenant's proportion is distributable as part of the owners estate, so that if one of the account holders dies, that owner's heirs are entitled to that proportional share of the account.

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Part of Speech: noun
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Industry/Domain: Financial services
Category: General Finance
Company: Bloomberg
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tenants in common (TIC)

Financial services; Funds

A form of joint ownership whereby each owner holds an individual interest in property. The interest does not terminate at death, but passes to a deceased owner's estate.

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Awards of financial assistance in the form of money by governments to an eligible grantee with no expectation that the funds will be paid back. This does not include technical ...

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Financial services; General Finance

Italian Treasury bills with maturities of three, six and 12 months, issued at a discount.

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