from the GNU version of the Collaborative International Dictionary of English
- adj. a tenure by two or more persons of estate by unity of interest, title, time, and possession, under which the survivor takes the whole.
Sorry, no etymologies found.
According to the Common Law, the property, or stock in trade, of the firm is owned by the partners in joint tenancy, but without the right of survivorship which ownership in joint tenancy usually implies; "and this", remarks Kent, op. cit.,
Another asset-protection blunder would be to use a general partnership or joint tenancy type of situation.