A GLOSSARY OF REAL ESTATE TERMS


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Word List Definitions
Jalousie
Jamb
Joint
Joint and several liability
Joint note
Joint tenancy
Joint venture
Joist
Judgment
Judgment creditor
Judgment debtor
Judgment lien
Judicial foreclosure
Judicial notice
Judicial precedent
Judicial sale
Jumbo loan
Junior lien
Junior mortgage
Jurat
Jurisdiction
Just compensation
You chose: Joint and several liability

A responsibility where two or more parties are liable for the full payment of a debt or obligation and where the creditor may enforce payment against all of the parties together (jointly) or against each individually (severally).