DefinitionWhere two or more persons are liable in respect of the same liability, in most common law legal systems they may either be... Joint And Several Liability What is 'Joint And Several Liability ' Joint and...
A non-investment grade or high yield bond is referred to as a junk bond. As the name suggests, these bonds have a credit rating of BB or low, and are fixed income instruments. They may carry a rating even...
DefinitionThe Jarrow–Turnbull credit risk model was published by Robert A. Jarrow of Kamakura Corporation and Cornell University and Stuart Turnbull, currently at the University of Houston. Many experts in financial theory label the Jarrow–Turnbull model as the first "reduced-form"...
What is 'James D. Slater' A renowned investment author in Britain, who wrote a Sunday column in London's The Sunday Telegraph under the pen name "The Capitalist". Slater was also a major figure in corporate takeovers, and...
What is 'James Tobin' An American economist who won the Nobel Memorial Prize in Economics in 1981 for his analysis of financial markets and specifically for his development of portfolio-selection theory, which describes how investors mitigate risk...
DefinitionJohn T. Dillon, is the retired chairman and chief executive officer of International Paper. John T. Dillon What is 'John T. Dillon' A former president, chairman and CEO of International Paper Co., a plywood, paper, pulp, packaging...
What is 'Joint Return Test'
One of the IRS standards that prospective dependents must pass in order to be claimed as such by another taxpayer is the dependency test. In accordance with the joint return test, no dependent may submit...
What is the 'Job Market' The job market is the market in which employers search for employees and employees search for jobs. The job market is not a physical place as much as a concept demonstrating the...
What is 'Joint Credit' Credit issued to two or more people based on their combined incomes, assets and credit histories. Joint credit can be issued to multiple individuals or organizations. The parties involved accept joint responsibility for...
What is 'Joint Life With Last Survivor Annuity' An insurance product that, when annuitized, makes payments to the annuitant, the annuitant and his/her spouse, or the annuitant and another beneficial party until both the annuitant and his/her...