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Glossary of Terms
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Johannesburg Securities Exchange (JSE) |
Established in 1886, the Johannesburg Securities Exchange is the only stock exchange in South Africa, where equities, bonds and other financial instruments are traded. | |
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Joint Life & Survivor Policy |
A policy arranged on two or more lives where the benefits are paid on the death of the last survivor. | |
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Joint Life Insurance |
Insurance payable on the first death among two or more insured covered jointly under one policy. After the first death nothing more is payable. Under a joint endowment, the amount of insurance is payable on the first death or upon the survival of all lives until the end of the endowment period. | |
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Joint Life Policy |
A life policy arranged on two or more lives where the benefits are paid on the first death. | |
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Joint will |
A single document incorporating the instructions (will) of two or more persons which deals with the disposal of their estates at the death of any one of them. | |
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Judgment |
Decision by a court of law. | |
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Junk Bonds |
Bond purchased for speculative purposes. They are usually rated BB and lower, and they have a higher default risk. It is alleged that junk bonds offer interest rates three to four percentage points higher than safer government issues. | | |
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From The Glossary » | Bottom-up investing: |
| A process in investing that looks to good stock selection to add value to performance rather than a reliance on broader economic or market trends. | More Definitions » |
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