Job costing

Management accounting technique enabling cost allocations through examining time, materials and all other expenses involved in creating a project.

Joint and several liability

An undertaking by a group of two or more parties to be responsible, either individually or jointly, for any liability which may exist after any member or members have failed to meet their obligations.

Joint liability

Legal liability of two or more parties for claims against or debts incurred by them jointly.

Joint ownership

Equal ownership of property by two or more people.

Joint venture

Co-operation between two or more individuals/businesses in the undertaking of a specific enterprise, sharing risks, control, expertise, revenues and costs.

Junk bonds

Bonds which offer high rates of interest but with correspondingly higher risk attached.