Judgment

A court’s final determination of the rights and obligations of the parties in a case.

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Joint venture

Limited business relationship between individuals or entities, usually treated as a partnership for tax purposes and subject to the partnership law of the state under whose laws it was formed. Unlike partnerships, joint ventures are usually limited to a single transaction and are for a limited duration. The joint venture allows the participants to maintain…

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Joint tenants

Two or more persons who hold title to real estate jointly with equal rights to share in its enjoyment during their respective lives with the provision that, upon the death of a joint tenant, his share in the property passes to the surviving tenants, and so on, until the full title is vested in the…

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