Are you thinking of what we call a "jump stop"? Your description here seems patently illegal, as it's never legal to jump off of two feet and land while holding the ball the whole time.
A legal jump stop actually changes the pivot foot rules slightly, in that it allows a moving player to catch the ball (or end the dribble) with one foot on the floor and jump, landing on both feet simultaneously. Similarly, a moving player can catch the ball in the air, land on one foot, and jump if he lands on both feet simultaneously.
In either of those cases, neither foot may be a pivot foot. One or both feet may be lifted, as long as neither returns to the floor prior to a shot or pass.
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