Glossary
Joint Venture
A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task
Junior Debt
Debt that is lower in repayment priority compared to senior debt
Junk Bond
A high-yield, high-risk security, typically issued by a company seeking to raise capital quickly
Just-In-Time (JIT)
An inventory strategy companies employ to increase efficiency and decrease waste by receiving goods only as they are needed in the production process