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From: Webster's Revised Unabridged Dictionary (1913)

 Sur·viv·or·ship, n.
 1. The state of being a survivor.
 1. Law The right of a joint tenant, or other person who has a joint interest in an estate, to take the whole estate upon the death of other.
 Chance of survivorship, the chance that a person of a given age has of surviving another of a giving age; thus, by the Carlisle tables of mortality the chances of survivorship for two persons, aged 25 and 65, are 89 and 11 respectively, or about 8 to 1 that the elder die first.
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