Choose a letter above or browse financial terms for the currently selected letter below. Click on the term name to see any articles that are related to the term.

Joint Account

An agreement between two or more organizations to share risk and responsibility in purchasing or underwriting securities.

Jumbo Loan

A loan larger than the lending limits set by Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation). Jumbos usually carry a higher interest rate than conforming loans.

Junior Debt

Debt whose holders have a claim on the firm’s assets only after senior debtholder’s claims are satisfied.

Junk Bond

A risky bond with a speculative credit rating of BB (Standard & Poor’s) or Ba (Moody’s) or lower. Junk bonds offer investors higher yields than those of financially sound companies, but with substantially higher risk.