A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

Joint liability

The responsibility of two or more individuals to fulfill the terms of a loan or debt.

Joint tenancy

Ownership by two or more individuals with equal shares of a piece of property. Rights pass to the surviving owner or owners.

Judgment

The decision of a court or law. If a court decides that a person must repay a debt, a lien may be placed against that person's property.

Judicial foreclosure

A procedure to handle foreclosure proceedings as civil matters.

Jumbo mortgage

Loans that exceed limits set by Fannie Mae and Freddie Mac.

Some definitions come from the Certified Commercial Investment Member Institute (CCIM).