Financial Terms Starting With J

Insurance or a protection benefit that may provide limited payments following qualifying involuntary loss of employment. It normally has eligibility rules, waiting periods, exclusions, caps and a maximum benefit period.

A bank account held in the names of two or more account holders. Signing authority, access, survivorship treatment and closure rules depend on the bank mandate and applicable law.

A person who borrows jointly with another borrower and shares obligations under the finance agreement. A lender may assess the income, liabilities and credit profile of all joint borrowers.