A jobber is a slang for a market-maker at the London stock exchange since 1986. These guys privately hold a select group of shares and securities and match investors' buy and sell orders by creating additional realms of liquidity.
Joint account is an account held by more than one account holder in a banking or a business account. Here one account holder acts as the primary account holder. Then the other two or three holders are deemed as secondary account holders.
|Joint and Survivor annuity|
Joint and Survivor annuity is an insurance product wherein premiums are paid for more than one nominated member. The Joint and Survivor annuity schemes are taken by married couples so that the surviving partner receives an income for the rest of his/her life.
The joint bond is an arrangement wherein the co-guarantor for repayment is a party other than the issuer. Hence the liability towards repayment is shared by multiple parties. The joint bond holders can be both corporate entities as well as governmental agencies.
Joint float is a mutual agreement between two or more countries deciding to keep their currencies at the same exchange rate relative to one another but not with respect to other countries. The countries participating in the joint float scheme purchase each other's currencies to keep the move alive.
A joint liability is an arrangement to share a repayment obligation amongst two or more parties. In this type of understanding, the parties share the risks involved including legal litigation or lawsuits.
|Joint life payout|
Joint life payout is an employees' scheme wherein the working employee receives pension for the rest of his/her life. If the beneficiary dies, the spouse of the surviving partner continues to receive the emoluments for the rest of his/her life.
|Joint stock company|
A joint stock company is an optimal mix of a corporate entity and that of a partnership. Shareholders have an unlimited liability for the company's debts at the US while at the UK the liability of shareholders is limited to the nominal value of shares held by them as such.
JPY is the abbreviated form of Japanese Yen. It is the form of currency used for buying and selling goods and services and for performing trading transactions across the whole of Japan.
Junk bonds are instruments that either offer investors a higher yield on their potential investment or are graded as non-investment bonds at the other end of the spectrum. Junk bonds carry a higher amount of risk in relation to the investment graded bonds.