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.

K.D.C.L.: Knocked down in carload lots

KD Flat: An article taken apart, folded, or telescoped to reduce its bulk at least 66 2/3% below its assembled size.

K.D.L.C.L.: Knocked down in less than carload lots.

Knock Down (KD): An article taken apart, folded or telescoped in such a manner as to reduce its bulk at least 33 1/3% below its assembled bulk.

Knot (Nautical): The unit of speed equivalent to one nautical mile, or 6,080.20 feet per hour or 1.85 kilometers per hour.