Coproprietorship

/ˌkoʊ.proʊˈpraɪ.ə.tər.ʃɪp/ noun

Definition

The state or condition of being joint owners of property or a business.

Etymology

From 'coproprietor' plus the suffix '-ship' meaning state or condition. The term legal jargon formalized to describe shared ownership arrangements.

Kelly Says

Coproprietorship gets really interesting in family contexts—when spouses, siblings, or parents jointly own property, inheritance and divorce laws create completely different legal outcomes depending on the type of coproprietorship.

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