Skip to content

Pass Rate

Over 25 years and 400,000 exams

Assured Success

If you use our practice exams

Chat & Call Support

We are with you every step of the way

Definition of Tenants in common

Tenants in common is a joint account where the asset of a party who has died transfers to the decedent’s estate, not the other tenant.

Applying "Tenants in common" to Securities Exams:

Joint accounts may be opened for any two or more competent adults. Joint accounts are never allowed to be opened for an adult and a minor. In the case of JTIC if one of that parties dies the assets become the propert of their estate not of the other owner or tenant in the account.

Preparing for an Exam?

Receive 15% off all your Securities Exam Prep materials

xref