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A splice usually refers to joining wires in some fashion. Someone could refer to a splice as an electrical joint, but term joint might be better applied to an electrical terminal or connection point.
The four types of splices and joints are the Western Union splice, tap splice or tap joint, fixture splices or fixture joints, and rattail joint. The most common among the four wire splices is the Western Union splice.
It is the same type as the western union splice, where the two wires are overlapping and wound back on the opposite conductor.
A wire splice is the joining of two or more wires together. Commonly this is done with an approved wire joining nut. All slices are to be made in junction boxes to prevent fire should the wire splice become unserviceable.
There is no limitation of temporary or permanent repairs to electrical insulation. All that is required is that the splice have equal or a better insulation factor than that of the two wires that are being joined together. If it is an underground splice then that has to include the waterproof factor that underground wiring insulation has. Heat shrink over the overall taped splice will suffice for this type of installation.