Early Amortization
What is 'Early Amortization' A type of credit enhancement used in certain asset backed securities (ABS). Early amortization is an accelerated payment...
Unbundled Life Insurance Policy
What is ‘Unbundled Life Insurance Policy'
An unbundled life insurance policy is a type of insurance policy and planned financial protection that offers money to...
Callable Certificate Of Deposit
What is 'Callable Certificate Of Deposit' An FDIC insured certificate of deposit (CD) that contains a call feature similar to other types...
Jobless Recovery
DefinitionA jobless recovery or jobless growth is an economic phenomenon in which a macroeconomy experiences growth while maintaining or decreasing its level of employment....
John T. Dillon
DefinitionJohn T. Dillon, is the retired chairman and chief executive officer of International Paper. John T. Dillon What is 'John T. Dillon' ...
James Tobin
What is 'James Tobin' An American economist who won the Nobel Memorial Prize in Economics in 1981 for his analysis of financial...
James D. Slater
What is 'James D. Slater' A renowned investment author in Britain, who wrote a Sunday column in London's The Sunday Telegraph under...
Jarrow Turnbull Model
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...
Junk Bond
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...
Joint And Several Liability
DefinitionWhere two or more persons are liable in respect of the same liability, in most common law legal systems they may either be... Joint...