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Glossary of Terms
J
Just In Case.
Just in Time.
A costing system whereby costs are accumulated for each specific order, and therefore used when production is of batches of goods or of individual items with a non-standard specification.
Law.
Joint and several liability means a creditor may sue one or more of the parties to a liability separately, or all of them together, for the whole amount of the liability.
This is a more favourable arrangement for the creditor, and less favourable for the parties undertaking the liability, compared with several liability (where each party’s liability is limited to a proportionate share of the whole amount).
Joint and several liability means a creditor may sue one or more of the parties to a liability separately, or all of them together, for the whole amount of the liability.
This is a more favourable arrangement for the creditor, and less favourable for the parties undertaking the liability, compared with several liability (where each party’s liability is limited to a proportionate share of the whole amount).
Financial reporting.
An arrangement of which two or more parties have joint control.
An arrangement of which two or more parties have joint control.
Financial reporting.
The contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control.
The contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control.
Financial reporting.
A joint arrangement whereby the parties that have joint control of the arrangement have rights to the assets, and obligations for the liabilities, relating to the arrangement.
A joint arrangement whereby the parties that have joint control of the arrangement have rights to the assets, and obligations for the liabilities, relating to the arrangement.
1. (JV). A contractual arrangement where two or more parties undertake an economic activity which is subject to joint control.
2. Financial reporting.
A joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement.
2. Financial reporting.
A joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement.
Accounting.
Recording of an accounting transaction via double entry, showing the debit on the left and the credit on the right.
Recording of an accounting transaction via double entry, showing the debit on the left and the credit on the right.
SWIFT currency code for the Japanese Yen.
Law.
A previous judicial decision or proceeding that may be relied upon.
A previous judicial decision or proceeding that may be relied upon.
US. A certificate of deposit with a high face value generally purchased by institutional investors looking for low-risk investments.
Debt which ranks after other debt in right of payment in a liquidation.
Credit rating.
The lower credit ratings, from BB+ (Ba1) and lower, for longer term obligations.
Also known as Non-investment grade.
The lower credit ratings, from BB+ (Ba1) and lower, for longer term obligations.
Also known as Non-investment grade.
High-yield bond.
1. Law.
The authority given by law to a court to try cases and rule on legal matters within a particular geographic area and/or over certain types of legal cases.
2. The geographical or other area which is subject to a particular legal system. For example, a country.
The authority given by law to a court to try cases and rule on legal matters within a particular geographic area and/or over certain types of legal cases.
2. The geographical or other area which is subject to a particular legal system. For example, a country.
(JIC). Just-in-case stock management is a modified version of Just-in-time stock management.
Where Just-in-time would result in a zero or negligible stock holding level, a Just-in-case approach adds an appropriate additional safety holding, to protect against a supplier's potential (unexpected) inability to deliver stock as required.
Where Just-in-time would result in a zero or negligible stock holding level, a Just-in-case approach adds an appropriate additional safety holding, to protect against a supplier's potential (unexpected) inability to deliver stock as required.
(JIT). Just-in-time stock management has the aim of eliminating, as far as possible all stocks.
It does this by ensuring that nothing is bought, made or processed at any stage in the production line before it is needed.
It does this by ensuring that nothing is bought, made or processed at any stage in the production line before it is needed.
Joint Venture.
