 Posted: Tue Jun 21, 2005 3:13 am Subject: Debt Glossary for alphabet "J" |
|
|
Hi,
I have enlisted all the major terminologies related to debt under alphabet J below -
Joint Account: A formal contractual relationship held by two or more individuals established to provide for regular banking or brokerage or business services. These account holders have the legal responsibility to repay the loans for all financial transaction done through this account.
Joint Liability: The liability shared among two or more individuals, who are responsible for the complete amount of debt incurred.
Joint Tenancy: An ownership of property given to each individual with equal claim in the property, including rights of survivorship.
Regards
Roxette
|
|
roxette
Moderator
Joined: 18 Mar 2005
Posts: 4140
Debtcc Points: 50410
|
