Joint Venture: An agreement by two or more individuals or entities to engage in a single project or undertaking.  Joint ventures are used in real estate development as a means of raising capital and spreading risk. For
all practical purposes a joint venture is similar to a general partnership.
However, once the purpose of the joint venture has been accomplished,
the entity ceases to exist.

Judgment: The final decision of a court resolving a dispute and
determining the rights and obligations of the parties. Money judgments,
when recorded, become a lien on real property of the defendant.

Judgment Lien: An encumbrance that arises by law when a judgment
for the recovery of money attaches to the debtor’s real estate. See also
Lien

Just Compensation: Compensation which is fair to both the owner and
the public when property is taken for public use through condemnation (eminent domain). The theory is that in order to be “just”, the property
owner should be no richer or poorer than before the taking.