Definitions for "Tenants by the Entirety"
A form of joint ownership in some states, including Arkansas, between husband and wife. When one spouse dies, his or her share of the asset automatically transfers to the surviving spouse. Probate is generally avoided.
An estate that exists only between husband and wife with equal right of possession and enjoyment during their joint lives and with the right of survivorship; i.e., when one dies, the property goes to the surviving tenant. Such ownership requires both to convey land at the same time and together, a judgment against only one does not attach as a lien against the title to the real estate, and the survivor takes title by survivorship, not by probate.
This joint property ownership is limited to married couples. Tenants By The Entirety enjoy special protection against joint property being seized by creditors of one of the joint tenants. p 44