Dr. Harvey's Financial Glossary

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J: Fifth letter of a NASDAQ stock symbol specifying the issue is the voting stock of the company.
Jakarta Stock Exchange: Established in 1977, the largest securities exchange in Indonesia.
January effect: Refers to the historical pattern that stock prices rise in the first few days of January. Studies have suggested this holds only for small-capitalization stocks. In recent years, there is less evidence of a January effect.
Japanese Association of Securities Dealers Automated Quotation System (Jasdaq): Japanese equivalent of Nasdaq.
Jasdaq: See: Japanese Association of Securities Dealers Automated Quotation System
J-curve: Theory that says a country's trade_deficit_or_surplus 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.
Jeep: See: Graduated payment mortgage
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.
JM: The ISO 3166 country code for JAMAICA.
JMD: The ISO 4217 currency code for the Jamaican Dollar.
JO: The ISO 3166 country code for JORDAN.
Jobber: A term for a market maker used on the London Stock Exchange.
JOD: The ISO 4217 currency code for the Jordanian Dinar.
Johannesburg Stock Exchange (JSE): Established in 1886, the Johannesburg Stock Exchange is the only stock exchange in South Africa. Gold and mining stocks form the majority of shares listed.
Joint account: An agreement between two or more firms to share risk and financing responsibility in purchasing or underwriting securities, or an account owned jointly by two or more persons at a bank or brokerage house.
Joint and survivor annuity: A type of annuity opened by and intended for two people, that makes payments for the entire lifetime of both beneficiaries, even if one of them dies.
Joint bond: A bond that is guaranteed by the issuer and a party other than the issuer.
Joint clearing members: Firms that clear on more than one exchange.
Joint float: An arrangement by which a group of currencies maintain a fixed relationship relative to each other, but move jointly relative to another currency in response to supply and demand conditions in the exchange market.
Joint stock company: A form of business organization that falls between a corporation and a partnership. The company sells stock, and its shareholders are free to sell their stock, but shareholders are liable for all debts of the company.
Joint tax return: Tax return filed by two people, usually spouses.
Joint tenants with right of survivorship: In the case of a joint account, on the death of one account holder, ownership of the account assets is transferred to the remaining account holder or holders.
Joint venture: An agreement between two or more firms to undertake the same business strategy and plan of action. See: Incorporated joint venture and Unicorporated joint venture
Jointly and severally: Municipal bond underwriting in which the account is undivided and syndicate members are responsible for unsold bonds in proportion to their participation, regardless of how many bonds they may have already sold. A firm with 20% of the account is responsible for selling 20% of the unsold bonds even if has already sold 25% of the total debt issue, for example. See: Severally but not jointly.
Jonestown defense: An extreme defensive tactic employed by the management of a target_company to prevent a hostile takeover. The defensive tactics are so extreme that they typically lead to the destruction of the target corporation. See: suicide_pill.

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