© 2014 Shmoop University, Inc. All rights reserved.

Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Joint Tenants With Right Of Survivorship

Definition:

Here's a hint: If you married someone significantly more attractive than you and twenty years younger, or someone who may or may not be on the "FBI's black widow" list, this may not be the brokerage account for you. In a JTWROS account (the acronym just flows off the tongue) the partner automatically gets everything in the account on the death of the other account-holder.

Advertisement