|
| | |
Joint and several liability
Joint and several liability A liability which allows the creditor to sue any one of the debtors or sue all together.
RELATED TERMS--------------------------------------
Creditor
The person to whom a debtor owes a debt or obligation; a lender.
SIMILAR TERMS--------------------------------------
Joint income
The total gross income of the mortgage applicants.
Joint liability
The responsibility of two or more people to repay a debt.
Joint petition
One bankruptcy petition filed by a husband and wife together.
Joint protection policy
A title insurance policy insuring the interest of both owner and lender.
Joint tenancy
Ownership of real property by two or more individuals, each of whom has an undivided interest with the right of survivorship.
Joint venture
An investment entity formed by one or more entities to acquire or develop and manage real property and-or other assets
Joinville property
Property in Joinville, Brazil. Apartments, flats, houses, offices and other property in Joinville.
PREVIOUS AND NEXT TERMS--------------------------------------
Jundiai property
Property in Jundiai, Brazil. Apartments, flats, houses, offices and other property in Jundiai.
Jumbo ARM 5-1
A 5-1 jumbo ARM is an adjustable-rate mortgage, or ARM, that has an initial interest rate for the first five years, and which changes annually thereafter, based on an index.
Jumbo interest-only ARM 5-1
A 5-1 jumbo interest-only ARM is a jumbo mortgage with fixed, interest-only payments for the first five years of the loan. After the five years are up, the loan converts to a loan whose payments cover both interest and principal, and which adjusts annually to current interest rates.
Jumbo mortgage 5-1
A 5-1 jumbo mortgage is a home loan that exceeds the limits set by Fannie Mae and Freddie Mac (the 2005 limit is $359,650; $539,475 in Alaska, Hawaii and the U.S. Virgin Islands).
Jalousie window
A window that consists of vertical rows of horizontal glass slats that operate together by a crank mechanism that connects all the slats.
Joint and several liability
Joint income
The total gross income of the mortgage applicants.
Joint liability
The responsibility of two or more people to repay a debt.
Joint petition
One bankruptcy petition filed by a husband and wife together.
Joint protection policy
A title insurance policy insuring the interest of both owner and lender.
Joint tenancy
Ownership of real property by two or more individuals, each of whom has an undivided interest with the right of survivorship.
This dictionary contains 6433 terms. |
|
|
