Sentence examples for surviving owner from inspiring English sources

The fixed-income securities had "death puts" that, upon the death of one of the owners, allowed the surviving owner to put the security back to the issuer at par plus accrued interest.

The cause was complications of pulmonary fibrosis, said his younger brother, Walter, now the surviving owner of Hoffman California Fabrics, a textile manufacturer the two had operated in Mission Viejo.

Since the instruments were purchased at discounts to par, the death put provided a substantial return to "survivors". As each terminally-ill patient died, the owner/CEO, as the surviving owner of the security, would exercise the death put, eventually collecting more than $100 million in early redemptions from the issuers of the death puts.

The court concluded that the surviving owner was not required to use the life insurance proceeds for the purpose of purchasing the decedent's stock.

The family of the deceased owner wanted the surviving owner to turn over the insurance proceeds in return for the stock, but the owner refused.

This is called the Right of Survivorship and there is no documentation required in order to specify whether or not the surviving owner has the right to withdraw money upon the death of the other joint owner.

The surviving owners of the property will be required to submit a certified death certificate proving that a person who owns the property is deceased.

It's as clear as it can be". Even at Napa's Signorello Estate, where a building housing the tasting room burned to the ground Sunday night, 40 acres of decades-old vines survived, owner Ray Signorello Jr. said Thursday.

This is necessary because when a joint account owner dies, the account automatically passes to the surviving joint owner, regardless of any heirs named in the decedent's Will.

Property with a joint owner listed on the title generally passes to the surviving joint owner upon a party's death.

Ralph M. Engel, a Manhattan estate-planning lawyer, said that while a surviving joint owner may be able to renounce the interest owned by a deceased joint owner for tax purposes, it is generally more expedient to change the form of title ahead of time if estate taxes will be an issue.