Financial Dictionary

This dictionary contains:
24549
financial terms

Joint venture




Joint venture

An agreement between two or more firms to undertake the same business strategy and plan of action.

RELATED TERMS
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Strategy
The general or specific approach to investing that an individual, institution, or fund manager employs.



SIMILAR TERMS
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Joint account
Typically a bank or brokerage account in the names of two (or more) people.

Joint and several liability
An undertaking by a group of two or more people to be responsible, either individually or jointly, for any liability which may exist after any member or members have failed to meet their obligations.

Joint and survivor annuity
A type of annuity opened by and intended for two people, that makes payments for the entire lifetime of both beneficiaries, even if one of them dies.

Joint bond
A bond that is guaranteed by a party other than the issuer. Also called a joint-and-several bond.

Joint clearing members
Firms that clear on more than one exchange.

Joint float
An arrangement by which a group of currencies maintain a fixed relationship relative to each other, but move jointly relative to another currency in response to supply and demand conditions in the exchange market.

Joint liability
The legal liability of two or more people for claims against or debts incurred by them jointly.

Joint life annuity
Income usually relevant to two people (for example man and wife) which continues until the death of the first person only.

Joint life assurance
An assurance policy usually taken out on two lives, typically husband and wife. Under this type of policy, the sum assured is payable at the event of the first death.

Joint ownership
Equal ownership of property by two or more people. In the event of the death of one of the owners, title passes to the survivor (or survivors in equal amounts).

Joint stock
Owned by shareholders with limited liability (British parlance. In America it is equivalent to an corporation).

Joint stock company
A form of business organization that falls between a corporation and a partnership. The company sells stock, and its shareholders are free to sell their stock, but shareholders are liable for all debts of the company.

Joint tax return
A tax return completed and signed by two people, usually a husband and wife. They have equal responsibility for taxes due.

Joint tenants with right of survivorship
A type of brokerage account which is owned by at least two people, where all tenants have an equal right to the account's assets and are afforded survivorship rights in the event of the death of another account holder.

Jointly and severally
1) A legal term describing a partnership in which individual decisions are bound to all parties involved and thus undivided. 2) A term used in underwriting syndicates to refer to the distinct responsibility of individual companies to sell a certain portion of unsold new issue.



PREVIOUS AND NEXT TERMS
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Joint ownership
Equal ownership of property by two or more people. In the event of the death of one of the owners, title passes to the survivor (or survivors in equal amounts).

Joint stock
Owned by shareholders with limited liability (British parlance. In America it is equivalent to an corporation).

Joint stock company
A form of business organization that falls between a corporation and a partnership. The company sells stock, and its shareholders are free to sell their stock, but shareholders are liable for all debts of the company.

Joint tax return
A tax return completed and signed by two people, usually a husband and wife. They have equal responsibility for taxes due.

Joint tenants with right of survivorship
A type of brokerage account which is owned by at least two people, where all tenants have an equal right to the account's assets and are afforded survivorship rights in the event of the death of another account holder.

Joint venture

Jointly and severally
1) A legal term describing a partnership in which individual decisions are bound to all parties involved and thus undivided. 2) A term used in underwriting syndicates to refer to the distinct responsibility of individual companies to sell a certain portion of unsold new issue.

Jonestown defense
An extreme defensive tactic employed by the management of a target corporation to prevent a hostile takeover.

Joseph effect
The idea that movements in a time series tend to be part of larger trends and cycles more often than they are completely random.

Journal
Book in which transactions are recorded in the order that they take place.

Jumbo certificate of deposit
A certificate of deposit in increments of $100,000.

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This dictionary contains 24549 terms.







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