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“j” Mortgage Term fully explained form you
The J curve represents a hypothetical short-term increase in a country's trade deficit that occurs immediately following a decline in the value of its currency. See More.
The J-curve effect refers to a "J" shaped section of a time-series graph in which the curve falls into negative territory and then gradually rises to a higher level than before the decline. See More.
A jackpot is a big winning -- often the largest a competition or event has to offer. See More.
The annual Jackson Hole Economic Summit focuses on prominent economic issues that face the U.S. along with the rest of the world. See More.
The Jackson Hole Economic Symposium, held in Jackson Hole, Wyoming, is a conference focusing on important economic issues that face the United States and the rest of the world. See More.
JAJO stands for January, April, July, and October -- the four months in which companies are likely to declare dividends. A dividend declaration is an announcement of an upcoming dividend payment, usually via press release a few weeks before the d See More.
The January barometer posits that gains in the S&P 500 index for the month of January predict market gains for the entire year. See More.
The January Effect refers to a pattern exhibited by stocks -- particularly small-cap stocks -- in which they've shown a tendency to rise during the last several trading days in December and then continue to rally throughout the first week of Janu See More.
The Japan Credit Rating Agency (JCR) is a credit rating agency in Japan. See More.
Japanese Housewives, also called Mrs. Watanabe, is a slang term for small, retail investors in Japan. See More.
Jensen's measure is a statistical measurement of the portion of a security's or portfolio's return that is not explained by the market or the security's relationship to the market but rather by the skill of the investor or portfolio m See More.
Jingle mail occurs when a property owner sends his/her keys to the mortgage lender because he/she is unable to continue to make payments. See More.
A jitney is an illegal scheme in which two brokers trade a stock back and forth in order to increase the trading volume and earn commissions. In some circles, a jitney is also scheme in which a broker performs trades for another broker who does not h See More.
A job footprint describes the variety and scope of functions for a given role in an organization. See More.
Job hunting expenses are costs that job seekers incur while searching for a new job. See More.
A job lot is a commodities futures contract where the underlying commodity is denominated in smaller amounts than a regular futures contract. See More.
The job market is the group of individuals seeking employment within an economy. See More.
The Job Openings and Labor Turnover Survey (JOLTS) is the name of a detailed report on the U.S. job market published each month by the Bureau of Labor Statistics. See More.
Jobless claims refer to the unemployment benefits claims filed by unemployed individuals each week. See More.
A jobless recovery refers to a sustained economic upturn accompanied by persistent or increasing unemployment levels. See More.
The Jobs and Growth Tax Relief Reconciliation Act of 2003 was a bill passed by the U.S. Congress in 2003 as an economic stimulus measure. See More.
Jobs growth is a U.S. economic indicator that represents the number of new jobs created in a given month. See More.
JIBAR is a market indicator and a benchmark for various interest rates in South Africa. See More.
John D. Rockefeller (1839-1937) was the founder of Standard Oil Company and became one of the world's wealthiest people. Widely regarded as the richest person in American history, Rockefeller's net worth reached a peak of nearly $340 billion (i See More.
Joint and several liability means an obligation to make a payment either together or individually. See More.
A joint and survivor annuity is an annuity with two named beneficiaries. The annuity provides both beneficiaries with recurring income for life. See More.
A joint bond is a bond that is backed by an issuer and one or more additional guarantors. See More.
Joint credit is credit extended by a lender to two or more parties. Loans secured from joint credit are the responsibility of all parties. See More.
Joint endorsement is a requirement by many banks that checks be endorsed by all parties of a joint account. See More.
Joint liability refers to the individual and collective obligation of more than one party on a loan. See More.
A joint life with last survivor annuity is an annuity that provides spouses with income until both spouses have died. The annuity also gives the holder the option to give a portion of the remaining income to a third-party beneficiary until the surviv See More.
Joint probability is the likelihood of more than one event occurring at the same time. See More.
A joint return is a tax return filed by two people based on their marital status at the end of the year or at the time of death of either one of the individuals. See More.
The joint return test is used by the IRS to determine whether or not a taxpayer may be validly claimed as a dependent by another taxpayer. This test also determines whether or not a married taxpayer may file a joint income tax return with his or her See More.
A joint stock company is a company whose stockholders have the same privileges and responsibilities as an unlimited partnership. See More.
Joint supply is the simultaneous output of two or more products from a single process or material. See More.
Joint tenancy is an arrangement in which two or more individuals occupy a property. Participating tenants each share equally in the rights and responsibilities related to the property. See More.
Joint tenants in common (JTIC) is a type of ownership wherein two or more individuals jointly own a property or portfolio of assets. If one owner dies, his or her portion of the property or portfolio remains in his or her name. See More.
Joint tenants with right of survivorship (JTWROS) is a type of ownership in which all joint owners have equal portions of ownership that are immediately allocated to remaining owners if one owner dies. See More.
A joint venture (JV) is a project or enterprise in which multiple companies or individuals invest. Participants usually share equally in the project's direction and profits. See More.
A joint-life payout is a retirement-benefit payout method whereby a retiree receives benefits from the retirement plan until he or she dies, and the retiree's spouse or partner then receives benefits from the same plan until he or she dies too. See More.
Jointly and severally is a legal phrase that means two or more persons are fully responsible equally for the liability. See More.
A Jonestown defense is a tactic to prevent hostile takeovers. It often results in the death of the target. See More.
The Joseph Effect is a statistical measure that indicates whether certain price movements are part of a long-term trend. See More.
In the finance world, journal is short for journal entry. It is also short for The Wall Street Journal. See More.
A judgment lien allows a creditor to take possession of a piece of a debtor's property if the debtor does not pay his or her debts. See More.
Judgmental credit analysis occurs when a banker approves or denies a credit application based on his or her experience with similar projects rather than the applicant's creditworthiness. See More.
A judicial foreclosure occurs when a court allows a lender to seize and sell a borrower's collateral when the borrower has failed to repay the lender. The term is most often associated with real estate. See More.
A jumbo loan, also called a jumbo mortgage, is a mortgage that exceeds the maximum amount that will be guaranteed by a government-sponsored entity like Fannie Mae. See More.
A junior accountant is an entry-level accountant. An accountant is a trained, knowledgeable person who performs functions necessary to compile, inspect, interpret, and/or report financial statements and tax returns that comply with governmental and r See More.
A junior capital pool is a Canadian entity that goes public before going into business. See More.
In the event of a borrower’s bankruptcy, junior debt is debt that is repaid after the obligations to senior lenders or creditors have been fulfilled. Usually, it also has no collateral. See More.
Junior equity is an issuance of stock that is subordinate to other stock issued by a company. See More.
A junior issue is an issuance of securities that are subordinate to other securities issued by a company. Junior issues can be debt or equity. See More.
A junior mortgage is a loan secured by the equity in a house. Equity equals the value of the house less the balance owed on the homeowner's first (or in some cases, preceding) mortgages. Junior mortgages are not the same as home equity lines of See More.
A junk bond is a fixed-income security that is rated below investment grade by one or more of the major bond ratings agencies. See More.
Junk fees appear in mortgage closing documents and usually benefit the loan originator or the lender. See More.
A Juris Doctor (JD) is a law degree. According to Merriam-Webster, the term first came into use in 1969. See More.
Just compensation is the fair market value that a federal or local government must pay to a property owner in order to seize that private property for public use. See More.
Just In Case (JIC) is an inventory-management method whereby materials, goods and even labor are on hand so they are there when needed in the production process. The method is generally the opposite of the Just in Time (JIT) inventory method, whereby See More.