Track up to 10 of your favourite stocks
ILC Glossary of Financial Terms: J
The execution and clearing of orders by one member of a stock exchange for the account of another member. For example, investment dealer A is a small firm whose volume of business is not sufficient to maintain a trader on the exchange. Instead it gives its orders to investment dealer B for execution and pays a reduced percentage of the normal commission.
- Junior Bond Issue:
A corporate bond issue, the collateral for which has been pledged as security for other more senior debt issues, and therefore ranks behind these prior claims.
- Junior Debt:
One or more junior bond issues.