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joint account

Line breaks: joint ac|count

Definition of joint account in English:

noun

A bank account held by more than one person, each individual having the right to deposit and withdraw funds.
Example sentences
  • In doing so, he would treat the money standing to the credit of the joint account as funds available for his own purposes.
  • Other types of non-probate assets include payable-on-death accounts, joint accounts held with rights of survivorship, life insurance and annuities.
  • For example, the Swiss bank account was a joint account with his father.

Definition of joint account in:

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