Statistical Terms Glossary

Vessel fitted throughout with fixed or portable cell guides mainly for the carriage of containers.

Vessel with a carrying capacity of not less than 20 tonnes designed for the carriage of freight by navigable inland waterways.

A floating craft designed for the carriage of goods, public transport of passengers or specially fitted out for a specific commercial duty which navigates predominantly in navigable inland waterways or in waters within, or closely adjacent to sheltered waters or areas where port regulations apply.

Deliberate radiation or reflection of electromagnetic energy for the purpose of disrupting enemy use of electronic devices or systems.

An independent governmental agency that coordinates official development assistance (ODA) for the government of Japan. It is commonly known by the acronym "JICA". It is chartered with assisting economic and social growth in developing countries, and the promotion of international cooperation.

J-curve effect is the expression used to describe the initial deterioration and subsequent improvement of the trade balance following a depreciation of the exchange rate

A clause in a Eurocurrency agreement specifying that, if certain events curtail the lender's activity or the operation of the Euromarkets, other designated actions will come into effect.

Term used by IFC to indicate that a loan that has serious problems. IFC expects to make a loss (though not necessarily a 100% loss) on a jeopardy loan.

This comprises both gasoline and kerosene type jet fuels meeting specifications for use in aviation turbine power units.

A price index defined as the unweighted geometric average of the current to base period price relatives. It is an elementary index.

A set of tasks or activities to be performed by an individual which delimits the function of the job (or position) occupied by that individual.

Are workers who permanently lost a (stable or temporary) job in the last few years and who are currently unemployed or out of the labour force.

Refers to the disappearance of jobs because of fundamental structural economic changes as distinct from transient fluctuations in demand. These structural changes include technological innovation, changes in the pattern of international trade, shifts in the location of activities, and changes in the structure of employment and organisation within enterprises.

Which refers to a voluntary arrangement whereby two persons take joint responsibility for one full-time job.

Is typically measured by the length of time workers have been in their current job or with their current employer, and so refers to continuing spells of employment rather than to completed spells.

At the level of an individual establishment or firm, is simply the net change in employment between two points in time – the total number of jobs created less the number of jobs which have disappeared.

A broker on the London Stock Exchange who acts on his own behalf.

Job-related continuing education and training refers to all organised, systematic education and training activities in which people take part in order to obtain knowledge and/or learn new skills for a current or a future job, to increase earnings, to improve job and/or career opportunities in a current or another field and generally to improve their opportunities for advancement and promotion.

Are contracts (explicit or implicit) between a person and an institutional unit to perform work in return for compensation (or mixed income) for a defined period or until further notice.

Is a technical term primarily used in the context of bilateral fishing agreements between the European Community and third countries. Similar to a joint ventures, joint enterprises are a combination of interests between Community vessel owners and fisheries interests in the third countries.

Disbursement by two lenders for the same parts of the project in a fixed ratio.

Person making the major decisions regarding resource use and exercising management control over the agricultural holding operations, in conjunction with another person.

See Joint profit maximisation

A tenancy in which two or more parties hold equal and simultaneously-created interests in the same property, and in which title to the entire property remains with the survivors upon the death of one of them (as a spouse) and so on to the last survivor.

Joint products refers to the situation when two or more products are produced simultaneously by a single productive activity they are joint products.

Joint profit maximization refers to a situation where members of a cartel, duopoly, oligopoly or similar market condition engage in pricing- output decisions designed to maximize the groups' profits as a whole. In essence, the member firms seek to act as a monopoly.