Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• JUNIOR ISSUE - A debt or equity issue from one corporation over which the issue of another firm takes p...
  
  
• JUNIOR LIEN (MORTGAGE) - A claim against property which is behind at least one other lien in priority.
  
  
• JUNIOR LIEN/MORTGAGE - An obligation, such as a second mortgage, that is subordinate in right or lien p...
  
  
• JUNIOR LIENS - Liens or claims against a property which are secondary or inferior to the lien of the fi...
  
  
• JUNIOR MORTGAGE - a mortgage that is subordinate to claims of a prior lien or mortgage. Borrowers somet...
  
  
• JUNIOR REFUNDING - Issuing of new securities to refinance government debt that matures in one to five y...
  
  
• JUNIOR SECURITY - In the world of bonds, the term junior means having less claim to repayment. If you o...
  
  
• JUNIOR SUBORDINATED NOTES - See equity tranche.
  
  
• JUNK BOND - Junk bonds carry a higher-than-average risk of default, which means that the bond issuer ma...
  
  
• JUNK BONDS - Wall Street slang for bonds listed at below investment grade (below the top four ratings) ...