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Glossary Of Real Estate Terms
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Glossary J


Joint Tenancy:

Ownership of land by two or more persons whereby, on the death of one, the survivor or survivors take the whole estate.

Joint Venture:
An investment project undertaken by a group of investors in which the parties share everything in the projects, including any profits or losses.


Joist:
In architecture and engineering, a joist is one of the horizontal supporting members that run between foundations, walls, or beams to support a ceiling or floor. They may be made of wood, engineered wood, steel, or concrete. Typically, a beam is bigger than a joist and joists are often supported by beams laid out in repetitive patterns.

Judgment: 
The decision of the court.

Jurisdiction:
Jurisdiction (from the Latin ius, iuris meaning "law" and dicere meaning "to speak") is the practical authority granted to a formally constituted legal body or to a political leader to deal with and make pronouncements on legal matters and, by implication, to administer justice within a defined area of responsibility. The term is also used to denote the geographical area or subject-matter to which such authority applies.




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