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Title Insurance Terms & Phrases

Terms and Phrases is Chicago Title's Glossary of definitions, meanings, and descriptions of significance for some of our industry's most often used terms and phrases.

One or more person acting in unison joining together.
Joint Protection Policy
A policy insuring more than one interest. I.E., the interest of both owner and lender.
Joint Tenancy
A form of co-ownership by two or more persons in equal shares characterized by the incident of survivorship.
Joint Venture
A form of business organization composed of two or more persons to conduct a single enterprise for profit.
A final determination in a court of competent jurisdiction of the rights of the parties to an action or proceeding.
Judgment Lien
A statutory lien created by recording a judgment, or an abstract, ordering the payment of a sum of money.
Junior Lien
A lien of inferior priority.
The portion of a certificate or affidavit stating when, where, and before whom it was sworn.
The power to adjudicate concerning the subject matter in a given case.
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