School Articles

Jobber is the slang name given to the market maker on London Stock Exchange. The term also describes a small-scale wholesaler or middleman in the retail goods trade.

Justified wage is a fair income which is determined by the market dynamic, work experience, skills and education level. It is a perfectly balanced level of high wage that will attract new workers and of low-enough level that will enable the employer to offer it.

Job lot is a futures contact with volume smaller than the level needed for regular contract. They exist in order to add to the liquidity of the futures by letting smaller participants to enter the market.

Joint is a transaction agreement procession situation when all of the included parties are acting in unison.

Jekyll and Hyde is a reference to a popular book used to describe a stock market with ‘split personalities’ where Jekyll is a good market with predictable moves and Hyde is a bad market with a lot of volatility, twists and turns. Due to the human factor in the markets Jekyll and Hyde can occur quite often.

Joint bond occurs when 2 or more partners give guarantees for interest and principal. In case of default those, holding the bonds have the right to claim any of the assets of the issuing institution. Joint bond reduces risks and borrowing cost.