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by Spixxy on June 28th, 2004

Spixxy

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I see JT WROS written on some checks next to the person's name. What does this mean?

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  • by DeuceOfSpades on June 29th, 2004

    DeuceOfSpades

    This website would be helpful:

    http://www.canadianmoneysaver.ca/rc_drips_spp_helpful.aspx

    It stands for joint tenant with right of survivorship. This means that if one owner of the joint account were to die, the shares go to the surviving owner without going through the estate.

    Hope this helps ;).

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