Which term refers to the right of a person to secure ownership by outliving someone with whom an interest in the land is shared?

The term that refers to the right of a person to secure ownership by outliving someone with whom an interest in the land is shared is "Survivorship." This concept is commonly associated with joint tenancy, where two or more individuals hold an ownership interest in a property. When one owner passes away, their interest in the property automatically transfers to the surviving owner(s). This right of survivorship ensures that the property directly passes to the remaining co-owners without needing to go through probate, providing a seamless transition of ownership.

Leasehold refers to an interest in property that is held for a specific duration based on a lease agreement, not related to survivorship. Metes and bounds is a method used to describe land boundaries and does not address ownership rights. Fractional interest denotes a partial ownership in property, but again does not specifically pertain to the right of survivorship. Therefore, the term that most accurately describes the situation of gaining ownership through outliving a co-owner is indeed survivorship.