| JOB
DESCRIPTION -
A document or part of specification setting out tasks associated with a
specific workplace function.
JOINT
AND SEVERAL LIABILITY -
A term associated with loans and mortgages in which one or more parties
are liable for the repayment of the debt and each person can be persued
for the entire debt or any portion of the debt, not just his/her
prorated
portion.
JOINT
TENANCY - Ownership
of the property in which all the owners have the same size of interest
and whereby on the death of one, the surviving others acquire the whole
interest in the property.
JOINT
VENTURE - A
business project undertaken by a group of investors in which the
parties
share in the business project including any profits or losses.
JOURNAL
- A daily
record of business transactions in debit and credit form; a "book" of
original
entry.
JOURNALIZING
- The
procedure of analyzing and recording business transactions in a record
called journal.
JURISDICTION
- The
authority of a person or organization to act within defined limitations
of that authority.
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