Jack plane
A woodworker's tool designed for shaving off small amounts of wood.
Jalousie
window
A window consisting of vertical rows of horizontal glass slats
that operate together by a crank mechanism connecting all the
slats.
Jamb
A surface that lines an opening for a door.
Joint liability
The responsibility of two or more people to fulfill the terms of a
home loan or other financial debt.
Joint tenancy
Ownership by two or more people that gives equal shares to a piece
of property. Rights pass to the surviving owner or owners.
Joist
Part of the framing that provides the structure for a floor.
Judgment
A legal decision; when requiring debt repayment, a judgment may include a property lien that secures the creditor's claim by providing a collateral source.
JUDGMENT LIEN
A lien against the property of a
judgment debtor. An involuntary lien.
Judicial foreclosure
A way to handle foreclosure proceedings as civil matters.
Jumbo loan
Loans that exceed the conforming limits set annually by Fannie Mae & Freddie Mac.
Junior mortgage
A loan that is subordinate to the primary loan.
