INVENTORY TURNOVER How often the inventory is sold and
replenished over the
course of a year.
INVERSE ORDER OF MATURITY When payments are
received from borrowers that are larger than the authorized repayment schedules
the overpayment is credited to the final installments of the principal which
reduces the maturity of the loan and does not affect the original repayment
schedule.
INVESTMENT BANKING Businesses specializing in the formation of
capital. This is done by outright purchase and sale of securities offered by
the issuer, standby underwriting or "best efforts selling."
INVITATION FOR BIDS Formal solicitations for offerings,
to perform procurements by competitive bids when the specifications describe
the requirements of the government clearly, accurately, and completely; but
avoiding unnecessarily restrictive specifications or requirements which might
unduly limit the number of bidders. IRS Internal Revenue Service with our link
going to their publications and notices IRS Forms Internal Revenue
Service (IRS) Forms
JOB DESCRIPTION A written statement listing the elements of
a particular job or occupation, e.g., purpose, duties, equipment used,
qualifications, training, physical and mental demands, working conditions, etc.
JOBS SBA occasionally has job vacancies open to the public.
Choose More... for a listing of vacancies that may exist at this time.
JOBS PAY TABLES GOVERNMENT Choose More... for
the latest OPM tables.
JOINT VENTURE In a joint venture both firms share, in some
proportion, the responsibility and the profits or loss on a contract. They are
considered affiliated (see "Affiliates," above) for the purpose of
that contract. Normally, the revenues or the employees of both firms are added
together to determine the size of a joint venture. However, on certain large
Federal procurements, a joint venture comprised of only small businesses would
qualify as a small business joint venture. This is limited to procurements that
exceed $10 million in value that are classified with an NAICS industry having
an employee-based size standard, or that exceeds one-half of the size standard
for procurements classified with an NAICS industry having a revenue-based size
standard. Also, certain 8(a) firms may joint venture with other firms without
being considered affiliates (see 13 CFR 121.103 and 124.513 for more
information).
JUDGMENT Judicial determination of the existence of indebtedness,
or other legal liability.
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