Java
A new object-orientated computer program language invented by Sun Microsystems. Java programs are supposed to run without change on any modern computer.

JavaCards
This type of smart card is capable of running JAVA byte codes. It is geared toward eventually being able to run some of the applications currently running on your PC.

JavaScript
A programming language that interacts with HTML on Web pages to make them interactive.

Joint Liability
Joint liability is usually the responsibility of two or more people to repay a debt.

Joint Liability
Liability shared among two or more people, each of whom is liable for the full debt.

Joint Odds
A technique of distributing the risk associated with a profile of accounts within a two variable matrix – typically application score and credit bureau score or behaviour score and credit bureau score.

Joint Photographic Experts Group
The name of the group that created the method for compressing full colour or grey-scale digital images. Also known as JPEG.

Joint Venture
A venture in which two businesses join together to share risk or expertise on a specific project or group of projects.

JPEG
Also known as Joint Photographic Experts Group. The name of the group that created the method for compressing full colour or grey-scale digital images.

JSE
The Johannesburg Stock Exchange.

Judgement
An obligation or debt created by the decree of a court.

Judgement Debt
A sum payable under a judgment or order enforceable by a court.

Judgemental Scorecard
A scorecard that has been developed when there is insufficient data to develop an Empirical Scorecard. In these instances, the scorecard will be developed based on the scorecard supplier’s experience. Also known as Generic Scorecard or a Start-up Scorecard.

Judgemental System
A method of evaluating applicants that is any system for evaluating the creditworthiness of an applicant other than an empirically derived, demonstrably and statistically sound, credit scoring system. Also see Pertinent Element and Empirically Derived Credit System.

Judgemental Weighting
Scores allocated based on ‘best guess’ rather than a statistical basis.

Judicial Sale
A court-ordered foreclosure sale.

Jumbo Certificates
High denomination certificates issued to consolidate and replace a number of smaller denomination certificates registered in the same name. This assists in the storage and administration of large volumes of certificates.

Jurisdiction
The power/ability of a court to hear a particular matter. The jurisdiction of a particular court depends on the type of dispute, the amount contested, where the dispute arose and where the Defendant is situated.