Just-in-time inventory systems
Systems that schedule materials inventory to arrive exactly as they are needed in the production process.
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Archive for the 'J Glossary' Category
Junk bond
A bond with a speculative credit rating of BB (S&P) or Ba (Moody’s) or lower is a junk or high yield bond. Such bonds offer investors higher yields than bonds of financially sound companies. Two agencies, Standard & Poors and Moody’s investor Services, provide the rating systems for companies’ credit.
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Junior debt (subordinate debt)
Debt whose holders have a claim on the firm’s assets only after senior debtholder’s claims have been satisfied. Subordinated debt.
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Jumbo loan
Loans of $1 billion or more. Or, loans that exceed the statutory size limit eligible for purchase or securitization by the federal agencies.
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Joint clearing members
Firms that clear on more than one exchange.
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Joint account
An agreement between two or more firms to share risk and financing responsibility in purchasing or underwriting securities.
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Jensen index
An index that uses the capital asset pricing model to determine whether a money manager outperformed a market index. The “alpha” of an investment or investment manager.
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J-curve
Theory that says a country’s trade deficit will initially worsen after its currency depreciates because higher prices on foreign imports will more than offset the reduced volume of imports in the short-run.
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