An Individual Investor
A person who commits capital in securities and assets on their own, with the expectation of receiving financial returns.
Joint Tenants with Right of Survivorship
This is when a property or asset is co-owned by multiple partners but one of the partners has passed away. The property shares owned by the deceased are transferred to the living partners, who now have joint/total ownership of the property.
Joint Tenants in Common (JTIC)
A legal relationship in which multiple people own a piece of property or asset but there are no rights of survivorship for any of the owners.
Tenants By The Entirety (TBE)
This is a method in some states by which married couples can hold the title to a property. In order for one spouse to modify his or her interest in the property in any way, the consent of both spouses is required by tenants by entirety.
A Company (corporation, LLC, etc.)
A company, corporation or limited liability corporation (LLC) is a group of people authorized to act as a single entity and invest as such. Many companies choose to invest their profits back into their own organization, but some choose to commit the capital to other types of investments.
A Trust
When a person (trustor) gives another person (trustee) the right to hold title or property or assets for a third party (beneficiary).
Individual Retirement Account
An account that allows an individual to save for retirement with tax-free growth or on a tax-deferred basis. The owner of an IRA can choose how to invest the funds in the account.
401(k)