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REAL ESTATE NEWS
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Glossary
A B C D E F G H I [ J ] L M N O P Q R S T U V W Y
joint tenancy
Where two or more persons acquire an equal undivided interest in a property. When one person dies, that person's share automatically goes to the survivor or survivors.
joint venture
A type of business where two or more business organizations cooperate in a particular undertaking. Profits or losses are shared by the participants and taxed in their hands.
judgment
An award granted to a successful party to litigation by the court. The award may include a specific amount of money to be paid to the successful party by the unsuccessful party to the litigation. |
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