Business glossary

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Jeito - The way of somehow getting things done in Brazil; the jeito can help conquer seemingly insurmountable tasks (Portuguese).

Job Description - A written statement listing the elements of a particular job or occupation, e.g., purpose, duties, equipment used, qualifications, training, physical and mental demands, working conditions, etc.

Joint account - An account, for example, one held at a bank or by a broker, that two or more people own in common and have access to.

Joint ownership - Ownership by more than one party, each with equal rights in the item owned. Joint ownership is often applied to property or other assets.

Joint Venture - The cooperation of two or more individuals or enterprises in a specific business enterprise, rather than in a continuing relationships as in a partnership.

Junk bond - A bond with high return and high risk.

Jurisdiction - The right of an authority to apply the law in a given territory.

Just-in-time (JIT) - An organization-wide practice that keeps the inventory to the minimum and provides customers the right goods or service at the right time.