Home > Term: Tenants in common (TIC)
Tenants in common (TIC)
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.
- Part of Speech: noun
- Industry/Domain: Financial services
- Category: Funds
- Company: Merrill Lynch
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Creator
- Harry8L
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(London, United Kingdom)