Meaning of JWROS | Babel Free

Definitions

Initialism of Joint with Rights of Survivorship Indicating that a property is owned by two or more individuals, usually in equal portions, and that, on the death of one individual, the property will continue to be owned by the surviving individual(s).

abbreviation, alt-of, initialism

Examples

“The vast majority of banks set up all of their joint accounts as "Joint with Rights of Survivorship" (JWROS).”

“You can own assets jointly with rights of survivorship (JWROS). At the death of one joint owner, the assets go to the survivor.”

CEFR level