- joint account
- A savings or checking account in the name of two or more people.
- joint annuity
- An annuity that is paid out to two or more people.
- joint custody
- When authorization is required by two or more people to undertake an action. For example, the customer and bank have joint custody of a safe deposit box. Opening a box requires authorization of the customer and a bank officer.
- joint endorsement
- A check requiring the endorsement of two or more signers.
- joint tenancy
- When two or more people inherit an estate, and each has equal interests. When one of the joint tenants dies, the estate passes automatically to the survivor or survivors.
- joint tenants with right of survivorship
- The usual arrangement between a married couple, in which each has the right to shared property, and the property passes to the other in the event that one dies.
- joint venture
- A business initiative undertaken by two different businesses, each working toward a common goal. Companies engage in joint ventures to pool their resources and help overcome the high cost of entering new markets.
- joint and several liability
- A legal term meaning that, when two or more people take out a loan together, all are liable. If they default, the lender can take legal action against all of them or specific individuals.
- Keogh plan
- Retirement plan that allows you to set aside some of your wages or salary for retirement. Keogh plans are more complex to set up and to administer than SEP/IRA (Simplified Employee Pension Plan/individual retirement account) plans, but they may allow larger contributions.
- kiting
- See check kiting.