Real Estate Glossary and Terminology

 

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[Q] [R] [S] [T] [U] [V] [W] [X] [Y] [Z]

 

(J)

 

JOINT NOTE

A note signed by two or more persons who have equal liability for payment.

JOINT TENANCY

Joint ownership by two or more persons with the right of survivorship; all joint tenants own equal interest and have equal rights in the property.

JUDGMENT

The final determination of a court of competent jurisdiction of a matter presented to it; money judgments provide for the payment of claims presented to the court, or awarded as damages, etc.

JURISDICTION

The authority by which judicial officers take cognizance of and decide cause; the right and power which a judicial officer has to enter upon the inquiry.