Debt Glossary for alphabet "J"



The major J-terms related to debt and credit are listed below. Check them out in order to have a clear understanding of the debt/credit terminologies.

  • Joint Account:
    It is a bank account which two or more people are authorized to operate.
  • Joint Liability:
    It is when two or more people assume the responsibility of repaying a single debt.
  • Joint Tenancy:
    It is all about two or more people sharing the ownership on a property.
  • Judgment:
    Judgment in relation to credit and debt is the order by the court to repay the amount owed by a person to another. With the judgment in effect, creditors can garnish the debtor's account or wage till the debt is paid.

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  #1  
06-21-2005, 02:13 AM
roxette roxette is offline
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Sub: Debt Glossary for alphabet "J"

Hi,

I hope the terms listed here will help you to understand the debt and credit related terminologies in a better way.

Regards
Roxette
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