Category: J

Lender fees, paid in dollars versus a percentage of the loan total. Described in unfavorable terms.

Logging of all datafile updates in database management, simultaneously, real time. The original file, damaged or destroyed, uses this log as an audit trail to reconstruct the database.

Direct marketing or direct mail that is unsolicited. For introducing new products, books and magazines, investment opportunities, merchandise catalogs. It is a very big business in industrialized countries, specifically the US, UK,

A double entry bookkeeping system of financial data pertaining to a specific transaction, in a journal usually taken from a journal voucher. Needed transaction data: (1) date done; (2) debit amount and

With someone else paying, like taxpayers, taking an extravagant business and/or pleasure trip.

New York City-based financial services firm. One of the oldest firms of this type. Its credit card business serves the most individuals while providing varied consumer services.

Entity, as a firm, that is not a single natural person, as a human being, authorized by law with duties and rights, recognized as a legal authority having a distinct identity, a

Debt-repayment security for one or more creditors when a court order places a claim on a debtor’s property situated within the court’s jurisdiction. Also refer to attachment.

Illegal strike in an organization over a particular group of employees in dispute about the right to represent a existing trade union.

Single-price for varying products as a retail display. Also known as a clearance table or bin.

A person’s citizenship is by ‘blood’, that of the parents. This rule is followed in most countries of the world. Canada and US use Jus Solis (where born) instead.

The lender’s portfolio must hold these loans or sell them to private investors. Fannie Mae and Freddie Mac limit criteria is exceeded by this type of mortgage.

A reason that is legally acceptable or sufficient. A request’s just cause is essential to get certain court action. Also known as good cause.

The process used to describe asset price fluctuation.

To avoid a time gap and loss of retention, required knowledge and skills are learned for immediate application in this training scheme.

A way to asses risk by comparing potential risk against a portfolios possible returns.

When a child turns 21, the child’s insurance policy of this type automatically increases value without additional proof of insurability. Such a policy written on a child is typically in units of