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January Effect

The theory that stock prices frequently rise in January. Some professionals believe this effect was caused by IRA contributions. There is less and less evidence that this theory has any validity.

Joint Account

An account that holds assets that are owned by two or more people, usually a husband and wife.

Joint & Survivor

A financial product that makes payments for the lives of both spouses.

Joint Tenants with Right of Survivorship

Used for joint accounts when an owner dies and the ownership of the account transfers to the survivor.

Joint Venture

Agreement by two or more parties to work on a project together.

Jumbo CD

A Certificate of Deposit (CD) that is issued in the amount of $100,000.

Junk Bond

A bond with a credit rating of BB or lower. Some investors also refer to these bonds as high income or high yield.