Stock Market Glossary

From A for ‘Asset’ to Z for the ‘Zero-Coupon Yield Curve’ — your comprehensive guide to everything that matters in the markets.

J-Curve (foreign trade)

Development in which the trade balance initially deteriorates after a currency devaluation and later improves.

J-Curve (Private Equity)

Return profile of a fund where early negative cash flows are later overcompensated by capital appreciation.

J-REIT (Real Estate Investment Trust)

Japanese Real Estate Investment Trust focusing on real estate income.

Japanese candlestick charts (Candlesticks)

Chart representation with candle bodies and shadows for pattern and trend recognition.

Japanese Government Bond (JGB)

Japanese government bond as the reference instrument in the yen interest rate market.

Japanese Yen (JPY)

Currency of Japan and significant trade and reserve currency.

JGB Futures

Standardized futures contract on Japanese government bonds.

JIBAR

Johannesburg Interbank Agreed Rate as South African reference interest rate.

Joint Bookrunner

Consortium bank with shared responsibility for price determination and placement of an issuance.

Joint Lead Manager (JLM)

Leading member of an underwriting syndicate with coordination tasks.

Joint Venture

Joint venture of two or more partners for the joint conduct of business.

JPY-Cross

Forex cross with the yen against a non-USD currency.

Jumbo bond

Large-volume issue with particularly high number of units or nominal size and corresponding market liquidity.

Junk Bonds

Credit segment below investment grade with higher yield/default risk.

Jurisdiction

Rechtsraum mit eigenen Gesetzen, Steuern und Aufsichtsstrukturen.

Just-in-Time (JIT)

Production and logistics concept with minimal inventory levels and direct impact on working capital.