Definitions for "Tenants-in-common"
Ownership of property by two or more persons in which each owner has an undivided interest. At the death of an owner the interest becomes part of the estate and does not pass to co-owners.
Form of property ownership whereby two or more persons hold title such that when one of them dies, the deceased's undivided interest passes to his or her heirs and not the surviving tenants.
When two or more people share ownership in property, the persons involved are able to leave their share to beneficiaries through a will or other type of legal document. p 44
Keywords:  equal, parties, owning, securities, two
Two or more parties owning an equal amount of securities.