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Joint Tenants in Common:

Joint ownership of an account where, in the event of death, a deceased tenant's ownership share is passed to his respective estate.

Joint Tenants With Right of Survivorship:

Joint ownership of an account where, in the event of death, a deceased tenant's ownership share is passed to the surviving tenant.

Jumbo CD:

A certificate of deposit with a minimum deposit of $100,000.

Junior Security:

A security with a lower claim on assets in the event of a company's liquidation. Normally, common stock is most junior to all other corporate issues. Then, from junior to senior, the order is preferred stock, debentures, and mortgage bonds. This last item is a direct claim on real property and is the most senior.

Junk Bond:

A junk bond (or high-yield bond) is one with a credit rating of BB or lower and that carries higher risk of interest or principal default than better rated investment grade bonds. Junk bonds are issued in leveraged buyouts and other takeovers by companies without long track records of sales and earnings, or by those with questionable credit strength.