There Are Advantages and Disadvantages in Taking Title as a Joint

question 51

Multiple Choice

There are advantages and disadvantages in taking title as a joint tenant. Any person holding title in joint tenancy may dispose of all or a part of his/her interest in all of the following ways, except:

• A) by lease
• B) by gift
• C) by sale
• D) by will

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Definitions:

Par Value

A nominal value assigned to a security or stock, often used to calculate dividends or interest.

Interest

The cost of borrowing money or the compensation paid for the use of money, usually expressed as an annual percentage rate.

Premium

The amount paid for an insurance policy, or the amount by which a bond or stock sells above its par value.

Par Value

The nominal or face value of a stock or bond as stated by the issuing company, which may differ from its market value.