Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
joint account
A bank or brokerage account opened by two or more people, by which each party has a present right to all funds in the account and, upon the death of one party, the survivors become the owners of the account, with no right of the deceased party's heirs or devisees to share in it. - Abbr. JA. - Also termed joint-and-survivorship account.