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Joint liability
Joint liability The responsibility of two or more people to repay a debt.
RELATED TERMS--------------------------------------
Debt
An amount owed to another.
SIMILAR TERMS--------------------------------------
Joint and several liability
A liability which allows the creditor to sue any one of the debtors or sue all together.
Joint income
The total gross income of the mortgage applicants.
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--------------------------------------
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
A liability which allows the creditor to sue any one of the debtors or sue all together.
Joint income
The total gross income of the mortgage applicants.
Joint liability
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
Joist
A floor or ceiling support member supported by foundation walls, piers or beams. Subflooring is connected to floor joists.
This dictionary contains 6433 terms. |
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