Glossary - J

Joint Tenancy
Co-ownership of real property by two or more persons who share rights equally, including the right of survivorship. Upon the death of a joint tenant, that tenant’s interest is vested equally in any remaining joint tenants or wholly in the sole surviving joint tenant. Joint tenancy must be specifically designated in an instrument of conveyance and is never presumed.

 

Judgment
A decree of a court. In practice this is the lien or charge upon the lands of a debtor resulting from the Court’s award of money to a creditor. (See “Judgment Lien.”)

 

Judgment Docket
The record book of a County Clerk where a judgment is entered in order that it may become a lien upon the property of the debtor.

 

Judgment Lien
The charge upon the lands of a debtor resulting from the decree of a court properly entered into the judgment docket.

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