Definitions J

Job Jumper

An individual with a track record of keeping employment only for a limited time before…

Journalizing

Entering of financial data (taken usually from a journal voucher), pertaining to a specific transaction,…

Judgment Proof

Situation where a debtor or defendant has little or no property or income (now or…

Job Promotion

The advancement of an employee within a company position or job tasks. A job promotion…

Job Depth

The influence of an employee in his work environment such as decision making and accountability.…

Joint Products

Two or more outputs generated simultaneously, by a single manufacturing process using common input, and…

Job Production

A type of business model that performs or creates single and customized projects for a…

Judicial Privilege

Privilege that protects an attorney, judge, juror, litigant party, or witness from any statement made…

Joint Probability

The calculated probability of two or more specific events occurring together. For example using two…

Jumbo Loan

A type of mortgage that exceeds the required limits set by Fannie Mae and Freddie…

Just In Case (Jic)

The inventory management strategy that companies use when they store a large amount of inventory…

Judicial Branch

One of the three primary branches of a government in most democratic countries the other…

Judicial Power

The constitutional authority vested in courts and judges to hear and decide justiciable cases, and…

Job Specification

A statement of employee characteristics and qualifications required for satisfactory performance of defined duties and…

Jig

Custom made device used for holding the piece to be worked-on in a correct position…

Juridical Person

Entity (such as a firm) other than a natural person (human being) created by law…