
Judgment
Decision,
by a court, that a party must repay a debt and a lien may be placed against
property owned by that party.
Judgment
Creditor
The
party to whom the court awarded a financial judgment against a debtor.
Judgment
Debtor
The
party against whom the court has placed a financial judgment.
Judgment
Lien
Court
order in which the judgment creditor is granted a lien against the property
of the judgment debtor for the nonpayment of the amount due.
Judicial
Foreclosure
Property
of a defaulted borrower is sold under court order and the amount received
is ratified by the Court.
Jumbo
Brick
3
5/8 x 2 ¾ x 8-inch brick
Jumbo
Brick, 6 inch
6
x 4 x 12 inch brick.
Jumbo
Brick, 8 inch
8
x 4 x 12 inch brick.
Jumbo
Loan
Loans
exceeding the limits set by Fannie Mae and Freddie Mac. The current limit
for a single-family home is $252,700 except in Hawaii, Alaska and the Virgin
Islands where it is $360,000.
Jumbo
Utility Brick
4
x 4 x 12 inch brick.
Jumper
A
short wire to close a break in or cut out part of a circuit or to make
a temporary electrical connection.
Junction
Box
Box,
which may be metallic or non-metallic, that has openings in the sides and
back and is used to protect and support electrical wire connections or
conductor splices.
Junior
Beam
A
secondary, smaller structural piece which is used to brace or transfer
a load between two other structural pieces.
Junior
Lien
A
lien that is subordinate to a senior lien and cannot be satisfied until
the senior lien is paid.
Junior
Mortgage
Loan
that is subordinate to the primary loan and cannot be satisfied until the
primary loan is paid.
Jurat
Certificate
of an officer stating that a sworn statement is genuine stating when, where
and before whom the statement was sworn. A jurat commonly appears at the
bottom of an affidavit.
Jurisdiction
Geographic
or topical area of authority and responsibility for a specific government
entity.
Just
Compensation
The
fair market value of a property, paid to the owner, when that property
is acquired in an eminent domain action.
Jute
Strong,
glossy, coarse fiber, made from two East Indian plants, which is used for
making burlap, mats, ropes, sacks, carpet backing, etc.
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