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Loans glossary



Loans Glossary - J

secured and unsecured loans glossary




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Loans Glossary

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J.


Joint Liability.

The legal liability of two or more people for claims against or debts incurred by them jointly.



Joint Ownership.

Equal ownership of a property by two or more people. In the event of the death of one of the home owners, title passes to the surviving owner.



Job Seekers Allowance.

A financial benefit for people who are unemployed and actively seeking work. We cannot usually use this to support an income multiple.



Judgement.

A ruling by a court of law, for example,the order of a court to a person to settle a debt to another. A CCJ is a county court judgement.



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