Definitions for "Tenancy By Entirety"
A form of ownership by husband and wife whereby each owns the entire property. In event of the death of one, the survivor owns the property without probate.
Joint ownership of property between husband and wife with the right of survivorship.
A form of ownership by husband and wife recognized in some states in which the property automatically passes to the surviving spouse. Tenancy can be severed only by mutual agreement, divorce, or conveyance by both spouses to a third party.