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  1. Glossary
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Glossary

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J

Joint Venture

A joint venture is a business agreement in which the parties agree to develop a new entity and new assets by pooling equity. They control the project and share revenues and expenses. 

Judicial Foreclosure

A judicial foreclosure occurs when a court rules that a debt is in default. The property is sold at auction in order to repay the lender. 

 

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