What Is the Jarrow Turnbull Model? The Jarrow Turnbull model is one of the first reduced-form models for pricing credit risk. Developed by Robert Jarrow and Stuart Turnbull, the model utilizes multi-factor and dynamic analysis of interest rates to calculate the probability of default. Key Takeaways The Jarrow Turnbull Model is a credit risk model
What Is the Japan Association of Securities Dealers Automated Quotation (Jasdaq)? The Japan Association of Securities Dealers Automated Quotation (Jasdaq) is a stock exchange that forms part of the Japan Exchange Group (JPX). It is focused on emerging venture companies and, like the Nasdaq exchange, is a fully electronic trading platform. Key Takeaways The Jasdaq
What Is a Junior Capital Pool (JCP)? A junior capital pool (JCP) is a corporate capital structure that allows early-stage startups to sell shares in the company before actually establishing a line of business. This form of company financing is a Canadian invention and is permitted only in Canada. The JCP may also be known
What Is a J Curve? A J Curve is an economic theory which states that, under certain assumptions, a country’s trade deficit will initially worsen after the depreciation of its currency—mainly because in the near term higher prices on imports will have a greater impact on total nominal imports than the reduced volume of imports.
What Is a J-Curve? A J-curve is a trendline that shows an initial loss immediately followed by a dramatic gain. In a chart, this pattern of activity would follow the shape of a capital “J”. The J-curve effect is often cited in economics to describe, for instance, the way that a country’s balance of trade
What Is the Jensen’s Measure? The Jensen’s measure, or Jensen’s alpha, is a risk-adjusted performance measure that represents the average return on a portfolio or investment, above or below that predicted by the capital asset pricing model (CAPM), given the portfolio’s or investment’s beta and the average market return. This metric is also commonly referred
What Is the Jesse H. Jones Graduate School of Business? The term Jesse H. Jones Graduate School of Business refers to Rice University’s graduate school of business. Founded in 1974 and located in Houston, the school offers graduate and doctorate programs, as well as various dual degree and executive education initiatives. The school is well-known
Jesse L. Livermore was a noted stock trader at the turn of the 20th century. Despite his lack of formal education, he began his career at age 14. Regarded as a Wall Street legend, Livermore has influenced generations of stock and commodity traders. Livermore is the author of How to Trade Stocks and My Life
What Is a Jewelry Floater? A jewelry floater is a type of supplemental insurance designed to protect precious jewelry. It is often purchased alongside other forms of insurance, such as homeowner’s insurance or renter’s insurance. Although these types of insurance policies generally include some coverage for jewelry, jewelry floaters can expand this coverage, making them
What Is the Johannesburg Interbank Average Rate (JIBAR)? The Johannesburg Interbank Average Rate (JIBAR) is the money market rate that is used in South Africa. The benchmark for short-term loans and instruments, the rate comes in one-month, three-month, six-month, and 12-month discount terms. The 3-month JIBAR rate is the most widely used and accepted. An
