Words, Phrases & Definitions



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J

Joinder - One or more person acting in unison joining together.

Joint Protection Policy - A policy insuring more than one interest. I.E., the interest of both owner and lender.

Joint Tenancy - A form of co-ownership by two or more persons in equal shares characterized by the incident of survivorship.

Joint Venture - A form of business organization composed of two or more persons to conduct a single enterprise for profit.

Judgment - A final determination in a court of competent jurisdiction of the rights of the parties to an action or proceeding.

Judgment Lien - A statutory lien created by recording a judgment, or an abstract, ordering the payment of a sum of money.

Junior Lien - A lien of inferior priority.

Jurat - The portion of a certificate or affidavit stating when, where, and before whom it was sworn.

Jurisdiction - The power to adjudicate concerning the subject matter in a given case.

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