Terms Beginning with J

J. & W.O.: Jettison and washing overboard.

JETSAM: Goods from a ship's cargo, or parts of its equipment, that have been thrown overboard to lighten the load in time of danger, or to set a stranded ship adrift.

JOINT VENTURE: A form of business partnership involving joint management and the sharing of risks and profits between enterprises sometimes based in different countries.

JUST-IN-TIME (JIT): The principle of production and inventory control in which goods arrive when needed for production or use.


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