Junior security is a security that has lower priority claim than other securities with accordance to the income or net worth of its issuer. 

 

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Junk bonds are the type of bonds that carry a higher risk of default than most of the bonds issued by corporations and governments. 

 

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Pre-market is the period of trading activity occurring before the regular market hours.

 

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Progressive tax is a tax that imposes a lower tax rate on low-income tax payers compared to those with a higher income. 

 

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