The Law Dictionary

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

Category: J

JUDICIAL PRIVILEGE

Protection from any statement made during judicial proceedings that is given to each attorney, judge, juror, litigant party, or witness who are a part of said legal proceedings.

JUNK FEES

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

JUDICIAL REVIEW

1. One court’s review of another court’s proceedings and judgments). Typically, a higher court review of a lower court. Can also be a review of an administrative body’s factual or legal findings.

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,

JUSTIFICATION AND APPROVAL

Documented contracting statement detailing why a noncompetitive contract award instead of open competition was selected.

JUDGMENT FACTORS

To establish an auditable basis for a decision, it is sometimes necessary to rely on past historical data and experience as well as assumptions, estimates, and extrapolations, the subjective, unverifiable factors.

JUMBLE DISPLAY

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

JUNKET

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

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

JUDGMENT IN DEFAULT

When an opposing party fails to appear in person or through representation within the specified time limit, usually 14 days from the service of writ, a court decision is given in favor

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.

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

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

JENSEN INDEX

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

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.

JURISDICTIONAL STRIKE

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

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