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Investing Terms Glossary

College Planning with Foresters Equity ServicesAs an investor in today's complex world, you're bombarded by industry terminology everywhere you turn. In the FESCO Investing Terms Glossary we've defined many of these terms for you in an easy-to-understand manner.

Investing Glossary: "J" Terms
 

Joint Account

A credit arrangement for two or more people, enabling all to use an account and assume liability to repay.

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Joint And Survivor

An election under an anuity which allows a survivor to continue to receive payments, usually reduced, after the death of the annuitant. Usually used to provide a surviving spouse with income.

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Joint Tenancy

Holding property with another in such a way that there are created equal rights to the use and enjoyment of the property. See also: Joint Tenancy with Rights of Survirorship; Contrast: Tenants in Common

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Joint Tenancy with Rights of Survivorship

A form of coownership which gives each tenant an undivided interest in : the property. Upon the death of a co-tenant the survivor or survivors succeed to the interests of the deceased without the property passing through probate.

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Junk Bond

A bond rated BB or lower or unrated. Such bonds are speculative investments.

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