Joint Tenancy
An ownership of property by two or more persons each of whom has an undivided interest subject to the right of survivorship.
Joint Venture
An arrangement under which two or more people or businesses go into a single venture as partners. Priority is determined solely by date of registration.
Judgement
The official and authentic decision of a court of justices upon the respective rights and claims of the parties to an action or suit therein litigated and submitted to its determination.
Judicial Sale
A legal remedy available to a mortgagee when a mortgage is in default.
Junior Mortgage
A mortgage that is subsequent to the claims of the holder of a prior (senior) mortgage.
