Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: J

JUNIOR PARTNER

Partner with subordinate, lesser rights, involvement, authority, accountability, risks, and rewards than any senior, superior/primary partners.

JUSTIFIED TEXT

Spacing option of a paragraph or text block to force the first and last word in a line against the margins. Not considered suitable for personal communication, like letters. Used in books

JOURNAL PRINTER

Electronic cash register (ECR) or point of sale (POS) systems remote printer. Records cash transactions on a narrow (20column) paper tape at retail locations. An example is a supermarket checkout counter.

JUNIOR SECURITY

Subordinate investment vehicle, like a bond, debenture, stock share, whose claims and rights are subordinate or secondary to senior, primary investment vehicles. These claims and rights involve the assets and earnings of

JUST-WORLD PHENOMENON

Theory that bad things happen to people due to their previous bad acts. human tendency to rationalize injustice thinking that people will eventually want get what they want because the world is

JOURNAL PROPER

Miscellaneous credit transactions as original entries that do not fit into other recorded books. Books with used for opening entries, closing entries, transfer entries, adjustment entries, rectification entries, and rare transactions. Also

JUNIOR SUITE

A separate living / sitting area that is not a separate room is attached to a bedroom in this hotel accommodation.

JOURNAL VOUCHER

Every financial transaction hat meets defined requirements has this prepared, written authorization.

JUNK FAX

Sending unsolicited stock ads by facsimile transmission (fax). Just like junk mail or spam, over the lines instead of by postal mail or electronic mail. A marketing strategy.

JOURNALING

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.

JUNK FEES

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

JOURNALIZING

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

JUNK MAIL

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,

JPMORGAN CHASE

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.

JUNKET

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

JUDGMENT LIEN

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.

JURIDICAL PERSON

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

JOINT-STOCK CORPORATION

This differs from a joint-stock company in being regularly incorporated, instead of being a mere partnership, but resembles it in having a capital divided into shares of stock. Most business corporations (as

JUNIOR COUNSEL

The younger of the counsel employed on the same side of a case, or the one lower in standing or rank, or who is entrusted with the less important parts of the

JOINTCREDITORS

Persons jointly entitled to require satisfaction of the same debt or demand.

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