MLchartDataset catalogue

Multiple party account

Term · Law · MLC-T-LAW-003326

A bank account held by two or more individuals, where each party has certain rights to the funds. The specific rights, such as survivorship or withdrawal authority, are determined by the account agreement and applicable state law. These accounts are often used for joint financial management or estate planning purposes.

Table 1. Record
IdentifierMLC-T-LAW-003326
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003326",
  "term": "Multiple party account",
  "field": "Law",
  "definition": "A bank account held by two or more individuals, where each party has certain rights to the funds. The specific rights, such as survivorship or withdrawal authority, are determined by the account agreement and applicable state law. These accounts are often used for joint financial management or estate planning purposes.",
  "url": "https://mlchart.com/terminology/law/multiple-party-account/"
}

Record 3,305 of 5,445 in Law terminology (MLC-0107). Request the full dataset.