- JEX
- Index representing the Jumbo Pfandbriefe segment. The Index portfolio it is based on is not made up of actually traded Pfandbriefe, but of 30 synthetic Jumbo Pfandbriefe with integer maturities of one to ten years.
- Joint account
- Account in the name of more than one person or associations. There are two types of joint account: the joint account with full power of disposal for each party ('or' account) and the joint account with joint disposal for all parties ('and' account).
- Joint-stock company
- The joint-stock company is a corporate form, the special legal regulations of which are enshrined in the [German] Corporation Act. Its nominal capital, which must amount to at least DM 100,000.00 (§ 7 of the Corporation Act), is subdivided into individual shares. The legal form of the joint-stock company can be found in all Western industrial countries, although individual regulations are legally modified. It is the typical form of the incorporated company.
It has been used to provide financial services in order to facilitate the expansion of major industrial and commercial enterprises. The major public sector companies embody the prototype of the joint-stock company. A large number of shareholders participate in a joint-stock company with frequently small and minimum amounts. In each case, liability is limited to the value of the share, which denotes the identity of the joint-stock company (§ 1 of the Corporation Act). The elements of the joint-stock company include the management board, the Supervisory Board and the stockholders' meeting. It is controlled by the management board, which is appointed by the supervisory board, whereas the latter must be elected by the stockholders' meeting, the meeting of shareholders. Investments in joint-stock companies are among the preferred forms of modern capital investment; the advantage for the shareholder is that, in the case of joint-stock companies quoted on the stock exchange, he can sell the shares on the stock market at any time by employing a credit institution.
- Jumbo bond issue
- Bond issues which have acquired their name on the basis of their high nominal volume - around DM 1 billion. In terms of their conditions of issue, they are virtually identical with other bond issues.
- Junk bonds
- Term used to describe securities for which the debtors are in financial difficulties and, as compensation for the risk, the investor is promised a significantly higher return than with sound, first class securities (e.g. Federal bonds).