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

Category: J

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

JUMBLE DISPLAY

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

JURISDICTIONAL STRIKE

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

JUMBO LOAN

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.

JUS SANGUINIS

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.

JOINTCREDITORS

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

JOINT ADVENTURE

A commercial or maritime enterprise undertaken by several persons jointly; a limited partnership,

JETJ

A Norman French term signifying “grandfather.” It is also spelled “aieul” and “ayle.” Kelham.

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