Tenancy By The Entirety: Some states allow husbands and wives to use a special form of co-ownership called tenancy by the entirety. In this form of ownership, each spouse has an equal, undivided interest in the property. (The term entirety refers to the fact that the owners are considered one indivisible unit because early common law viewed a married couple as one legal person).

 

Related Words

Tenancy By The Entirety: Some states allow husbands and wives to use a special form of co-ownership called tenancy by the entirety. In this form of ownership, each spouse has an equal, undivided interest in the prop . . . View Full Definition

Random Walk Theory: The random walk theory holds that it is futile to try to predict changes in stock prices. Advocates of the theory base their assertion on the belief that stock prices react to information as . . . View Full Definition

Rag The Puck: To retain control of the puck, without attempting to score, for a considerable period of time, usually through clever stickhandling; a tactic used to kill time while a team is short-handed o . . . View Full Definition

Reading The Defense: Recognition by the quarterback of the defensive formation; he may then call an audible to adjust the offense.