Definition: The fair market value of something.
Pronunciation: \ˈjəst, ˈjüst\ \ˈval-(ˌ)yü\
Used in a Sentence: The seller wanted to get just value for his property.
Definition: A mortgage, such as a second mortgage, that is subordinate in right or lien priority to an existing mortgage on the same real property.
Pronunciation: \ˈjün-yər\ \ˈmȯr-gij\
Used in...
Definition: Priority based on the date of recording in the public records.
Pronunciation: \ˈjün-yər\\ˈlēn, ˈlē-ən\
Used in a Sentence: The IRS lean was considered a junior lean against the pr...
Definition: The power of a court to reexamine statutes or administrative acts and to determine their validity; an appeal to a higher court.
Pronunciation: \jü-ˈdi-shəl\\ri-ˈvyü\
Used in a Sente...
Definition: The formal decision of a court that not only declares that one party owes another party a debt but also determines the debt amount.
Pronunciation: \ˈjəj-mənt\
Used in a Sentence: A...
Definition: The joining of two or more people in a specific business enterprise, such as the development of a shopping center or condominium project.
Pronunciation: \ˈjȯint\ \ˈven(t)-shər\
Use...
Definition: An estate or interest owned by two or more persons, all owning equal shares with right of survivorship.
Pronunciation: \ˈjȯint\ \ˈte-nən(t)-sē\
Used in a Sentence: The three brot...
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