Obtain or Renew your Illinois Real Estate License Click Here.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Illinois Real Estate License Online Home Page
Illinois Real Estate License Online CoursesIllinois Real Estate License Online Test CenterIllinois Real Estate License Online RequirmentsIllinois Real Estate License Online Terms GlossaryIllinois Real Estate License Online Customer ServiceAdd this Page to your FavoritesEmail a Friend about this Site
     
 
 

Illinois Real Estate License Online Terms Glossary

FREE student consultation, call toll free: 1-888-553-1267

| A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z |



JALOUSIE


A screen or shutter consisting of overlapping horizontal slats that is used on the exterior to keep out sun and rain while admitting light and air.
JAMB


The side post or lining of a doorway, window, or other opening.
JOINT


The space between the adjacent surfaces of two components joined and held together by nails, glue, or cement, for example.
JOINT NOTE


A note signed by two or more persons who have equal liability for payment.
JOINT TENANCY


Joint ownership by two or more persons with right of survivorship. Four unities must be present: time, title, interest, and possession. Property held by two or more people with right of survivorship.
JOINT VENTURE


In legal effect it is a partnership for a limited, specific business project.
JOISTS


One of a series of parallel beams to which the boards of floor and ceiling laths or plaster boards are nailed and supported in turn by larger beams, girders, or bearing walls.
JUDGMENT


A court of competent jurisdiction's final determination of a matter presented to it. The final decision by a court in a lawsuit, motion, or other matter.
JUDGMENT AFFIRMED


A decision by an appellate court reaffirming, approving, and agreeing with an inferior court's decision.
JUDGMENT DEBTOR


A person who has an unsatisfied money judgment levied against him or her.
JUDGMENT LIEN


A money judgment that, because it has been recorded, has become a lien against the judgment debtor's real property.
JUDGMENT REVERSED


A decision by an appellate court disagreeing with an inferior court's decision and modifying tha decision to conform with its findings.
JUNIOR LIEN


A lien lower in priority or rank than another or other liens.
JUNIOR MORTGAGE


A mortgage second in lien to a previous mortgage.
JURISDICTION


The authority of a court to hear and decide a particular type of case. The power of a court to hear and decide a case or issue.

| A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z |


| Real Estate License Classes | Real Estate License Requirements | Real Estate License FAQ |
| Real Estate Glossary | Real Estate Forms | Customer Service | Test Center | Site Map | Home |