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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