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Jalousie – An exterior slotted blind or shutter window like a Venetian blind used to permit ventilation while avoiding rain penetration and also to control sunlight.

Jamb – The side post or lining of a doorway, window or other similar type opening.

Joint – The space between the two adjacent components surfaces that are connected by nails, glue, cement or mortar.

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.

Joint note – A note signed by two or more parties who have equal liability for its repayment.

Joint tenancy – An equal undivided ownership interest of a property by two or more natural persons each of whom has the right, called the right of survivorship, upon the death of one joint tenant to the automatic succession of the title of the deceased tenant.

Joint venture – A contractual arrangement under which two or more individuals or businesses firms participate as partners to share in the profits and losses of only a single, specific project rather than as a continuing business relationship.

Joist – A series of parallel beams which are supported by larger beams, girders or bearing walls to which the floor boards and ceiling lath, drywall or sheet rock are attached.

Judgment – 1. A final determination of a court of competent jurisdiction of a matter presented before it. 2. A money judgment awarded to a party to compensate for damages or to provide for the payment of a claim presented to the court.

Judgment creditor – A party who has received a decree or judgment from the court against a debtor to to have him or her pay all money due.

Judgment debtor – A party who has been issued a judgment by the court to pay the money owed.

Judgment lien – A legal claim involuntarily placed on all of the real and personal property of a judgment debtor which enables a judgment creditor to have the property of the debtor sold for payment of the amount of the judgment.

Judicial foreclosure – A court action taken to attempt to collect a debt owed.

Judicial notice – The doctrine that a court can assume certain facts to be true without the production of supporting evidence typically because they are common knowledge.

Judicial precedent – A legal concept established by a previous court decision(s).

Judicial sale – A legal process that enforces a judgment lien whereby the debtor’s property is sold to pay the debt.

Jumbo loan – A mortgage whose conforming loan limit or minimum amount is set every January and the limit for single-family homes and condominiums as of 2006 is $417,000

Junior lien – A lien on another loan that involves the same property that is placed by recording after an earlier lien has been placed.

Junior mortgage – A mortgage recorded later than another mortgage on the same property and whose claim against the property will be settled only after the earlier-recorded mortgage has been satisfied.

Jurat – The clause written at the foot of an affidavit stating when, where and before whom such affidavit was sworn.

Jurisdiction – 1. A political subdivision with power to govern its own affairs. 2. The power of a court to hear specific lawsuits.

Just compensation – The amount paid to the owner of a property when it has been acquired under eminent domain. See Condemnation.

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