👉 Cotenancy is a term used in the context of accounting and finance, referring to the relationship between an entity's equity (common stock or other shares) and its debt. In simple terms, a cotenant is someone who has an ownership interest in an entity but does not own it outright. When a company issues bonds or other securities, it may issue these bonds to other entities that have interests in the company. These entities are called cotenants, and they share in the profits of the
