1. The automatic transfer of the title or the ownership of property or asset in case of death or non-existence of the other person in joint tenancy. 2. The situation where joint holdings of assets or joint tenacy of real estates, when one co-owner outlives the the other(or one owner ceases to live), the title,right or the ownership of that real estate or assets ( like bank account) is transferred to the existing co-owner or survivor of the joint tenacy.

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