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Jensen index
An index that uses the capital asset
pricing model to determine whether a money manager
outperformed a market index.
Joint clearing members
Firms that clear on more than one exchange.
Junk bond
A bond
with a speculative credit rating of BB or lower is a junk bond. Such bonds offer investors higher yields than bonds of financially sound companies. Two agencies, Standard & Poor's and Moody's investor
Services, provide the rating systems for companies' credit.
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