Definition: An estate or interest owned by two or more persons, all owning equal shares with right of survivorship. Pronunciation: \ˈjȯint\ \ˈte-nən(t)-sē\ Used in a Sentence: The three brothers entered into a joint tenancy in the ownership of their..
Category : J
Definition: The joining of two or more people in a specific business enterprise, such as the development of a shopping center or condominium project. Pronunciation: \ˈjȯint\ \ˈven(t)-shər\ Used in a Sentence: The developers entered into a joint venture to build the shoppi..
Definition: The formal decision of a court that not only declares that one party owes another party a debt but also determines the debt amount. Pronunciation: \ˈjəj-mənt\ Used in a Sentence: A final judgement against the licensee was entered in circ..
Definition: The power of a court to reexamine statutes or administrative acts and to determine their validity; an appeal to a higher court. Pronunciation: \jü-ˈdi-shəl\\ri-ˈvyü\ Used in a Sentence: The DBPR is authorized to seek judicial review of any final order issued by the C..
Definition: Priority based on the date of recording in the public records. Pronunciation: \ˈjün-yər\\ˈlēn, ˈlē-ən\ Used in a Sentence: The IRS lean was considered a junior lean against the property because it was filed after the mort..
Definition: A mortgage, such as a second mortgage, that is subordinate in right or lien priority to an existing mortgage on the same real property. Pronunciation: \ˈjün-yər\ \ˈmȯr-gij\ Used in a Sentence: The second mortgage on the property is considered a junior..
Definition: The fair market value of something. Pronunciation: \ˈjəst, ˈjüst\ \ˈval-(ˌ)yü\ Used in a Sentence: The seller wanted to get just value for his..