joint bond. A bond on which two or more parties are bound, as in certain railroad issues.
Joint mortgage. A mortgage issued jointly by two or more parties.
judgment note. A promissory note bearing a warrant of attorney authorizing the entry of a judgment without process against the maker in case of nonpayment.
Junk. Cats and dogs. [Colloquial.]
kiting. The incurring of a fresh obligation to discharge an old one, as by exchanging checks with a confederate.
knocked down. Sold at the price bid, said of goods auctioned.
land grant bond. A bond issued under a land grant mortgage. land grant mortgage. A mortgage on a grant of land, for the issuance of bonds.
leased line. A railroad held by another subject to a lease.
liquid assets. Assets in cash or readily convertible into cash.
listed stocks. Stocks included in the list of those admitted to dealings at an exchange.
long and short haul clause. A clause in the interstate commerce law prohibiting a greater comparative charge for freight transportation for a short distance, than for a long distance under similar conditions.