Established in 1886, the Johannesburg Securities Exchange is the only stock exchange in South Africa, where equities, bonds and other financial instruments are traded.
A policy arranged on two or more lives where the benefits are paid on the death of the last survivor. Â
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.
A life policy arranged on two or more lives where the benefits are paid on the first death.
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.
Decision by a court of law.
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.
