19 Dec
J) curve effect (private equity)
Illustrative payoff profile for private equity investments, in terms of which short-term losses are expected to be offset by greater profits in the longer term.
JGB
Japanese government bond.
Junk bond
Company bond that has been given a low rating/sub-investment grade by credit rating agencies. Junk bonds offer higher expected returns to compensate for the increased risk. (See also distressed debt.)