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Written by: GlossaryGal

Joist       A horizontal structural member or beam that supports floors and ceilings; usually 2″ x 10″s or 2″ x 12″s spaced 16 inches on center.

Joist Hanger       A metal angle or strap used to support and fix the ends of wood joists or rafters to beams or girders.

Junior lien      When a property is foreclosed, lenders are repaid in a particular order, established by the loan documents. The lender with the first claim to repayment is said to hold the first mortgage, and a lender whose repayment order is after the first claimant is said to hold a junior lien.

Junior mortgage also called a secondary mortgage      A mortgage whose claim to repayment is second to another mortgage.

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