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Glossary to investment terminology : J

 
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Joint Bond

This is a bond guaranteed by two or more guarantors, one of them being the issuer. The assets of all the guarantors can be called upon to pay the bond holders in the event that a default occurs. This commonly happens when a parent company is required to guarantee the bonds of a subsidiary company.

 

Joint Holders

This is when two people or more come together to apply for shares in a new issue. They hold the shares jointly. While signing the deed of transfer after a sale of shares, all shareholders must sign. It is also referred to as joint ownership.