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Meaning of survivorship

sur•vi•vor•ship

Pronunciation: (sur-vī'vur-ship"), [key]
— n.
  1. the state of being a survivor.
  2. a right of a person to property on the death of another having a joint interest: in the case of more than two joint tenants, the property passes to successive survivors.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.