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Simple English definitions for legal terms
survivance
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A quick definition of survivance:
Term: SURVIVANCE
Definition: Survivance means that if someone is named as a successor to an office or an estate before the current holder dies, they have the right to take over after the current holder passes away.
A more thorough explanation:
Definition: Survivance refers to the right of succession to an office or estate of a survivor who was named before the death of the incumbent or holder.
Example: John was named as the successor to the CEO of the company in case of his sudden death. When the CEO passed away, John exercised his right of survivance and took over the position.
Explanation: In this example, John was named as the successor before the CEO's death. When the CEO passed away, John had the right of survivance and was able to take over the position without any further competition or selection process.