Joint Bond
What is 'Joint Bond' A bond that is guaranteed by a party other than the issuer. A joint bond is an issue which is essentially a liability to multiple parties. These parties may be both corporate entities or government agencies. Explaining 'Joint Bond' While joint bonds can include any combination of parties,...
Java
What is 'Java' Java is a programming language developed by Sun Microsystems. It is designed to have the ability to run across multiple operating systems and on various manufacturers’ architectures. The phrase “Write Once Run Anywhere” conveys the idea that once compiled, it can run on a variety of platforms and chipsets. Java technology is present in everything from computers...
Joint Owned Property
What is joint ownership of property Joint owned property refers to a situation in which two or more individuals own an asset together. There are several different types of joint ownership arrangements, each with its own advantages and disadvantages. The most common type of joint ownership is called joint tenancy, which gives each owner an equal undivided interest in the...
John R. Coomber
What is 'John R. Coomber' The CEO of U.K.-based Pension Corporation, a company that helps defined-benefit pension funds manage risk, and a former CEO of Zurich-based reinsurance company Swiss Re. Coomber has also been the owner, chairman and non-executive director of UK-based technology services company Telent and the chairman of Mactavish, a research company serving the insurance...
Jim Cramer (James Cramer)
What is 'Jim Cramer' Former hedge fund manager, columnist and author as well as host of CNBC's "Mad Money" and CBS radio's "Real Money". Cramer's claim to fame is his bombastic and 'in your face' behavior in which he gives recommendations and analysis on featured and viewer-suggested stocks. Jim Cramer is also one of the founders of...
James R. Crosby
Who is James Crosby? James Crosby is a retired British banker who served as the chief executive of HBOS from 2000 to 2006. Born in Hampshire, Crosby attended Winchester College before studying economics at St John's College, Cambridge. After graduation, he began his career as a trainee at Williams & Glyn's Bank. He later joined the London investment bank Schroders,...
John Stuart Mill
DefinitionJohn Stuart Mill, also known as J.S. Mill, was a British philosopher, political economist, and civil servant. One of the most influential thinkers in the history of liberalism, he contributed widely to social theory, political theory, and political economy. Dubbed "the most influential English-speaking philosopher of the nineteenth century", Mill's conception of liberty justified the freedom of the individual...
Jerome Kerviel
DefinitionJérôme Kerviel is a French trader who was convicted in the 2008 Société Générale trading loss for breach of trust, forgery and unauthorized use of the bank's computers, resulting in losses valued at €4.9 billion. Jerome Kerviel What is 'Jerome Kerviel' A trader for French securities firm Société Générale that was charged with losing more than $7...
John Bates Clark Medal
DefinitionThe John Bates Clark Medal is awarded by the American Economic Association to "that American economist under the age of forty who is adjudged to have made a significant contribution to economic thought and knowledge". According to The Chronicle of Higher Education, it "is widely regarded as one of the field's most prestigious awards...second only to the Nobel Memorial...
Jitney
What is 'Jitney' A situation in which one broker who has direct access to a stock exchange performs trades for a broker who does not have access. A fraudulent activity in the penny stock market involving two brokers trading a stock back and forth to rack up commissions and give the impression of trading volume. ...