Business terms starting with J

17 terms

  1. Jamb The side parts of a window frame or window opening, as distinct from head and sill.
  2. January Effect Each year, the stock market tends to increase slightly in value between December 31 and the end of the first week of January.
  3. Jigsaw Carving Wooden ornament cut with a thin narrow saw blade.
  4. Joint Account An account owned by two or more persons. Either party can conduct transactions separately or together as set forth in the deposit account contract.
  5. Joint tenancy See: tenancy.
  6. Joint Tenancy (with Rights of Survivorship) Two or more owners share equal ownership and rights to the property. If a joint owner dies, his or her share of the property passes to the other owners…
  7. Joint venture An agreement between two or more parties who invest in a single business or property; similar to a limited partnership.
  8. Joist One of a series of parallel timber beams used to support floor and ceiling loads, and supported in turn by larger beams, girders, or bearing walls; the…
  9. Judgment A legal decision; when requiring debt repayment, a judgment may include a property lien that secures the creditor's claim by providing a collateral source.
  10. Judgment Lien A lien on the property of a debtor resulting from the decree of a court.
  11. Jumbo A loan that exceeds the statutory size limit eligible for purchase or securitization by either FNMA or FHLMC.
  12. Jumbo CD Jumbo CDs are large-denomination certificates of deposit with balances of at least $100,000, and sometimes $1 million or more.
  13. Jumbo Loan A loan that exceeds the mortgage amount eligible for purchase by Fannie Mae or Freddie Mac. Also called "nonconforming loan."
  14. Junior Mortgage A loan that is subordinate to the primary loan or first-lien mortgage loan, such as a second or third mortgage.
  15. Junior security In the world of bonds, the term junior means having less claim to repayment. If you own a junior security and the issuing company goes out of business…
  16. Junk bond Junk bonds carry a higher-than-average risk of default, which means that the bond issuer may not be able to meet interest payments or repay the loan when…
  17. Justified complaint A complaint that exposes an apparent violation of a policy provision, contract provision, rule, or statute; or which indicates a practice or service that…