GLOSSARY

List of Financial Terms in alphabetical order:

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Joint Underwriter Associations (JUAs) Organizations formed in each state in the U.S. to provide insurance to those who cannot obtain insurance in the voluntary market due to being in a high-risk category. State statutes require that all companies providing the same type of insurance and share the cost of coverage for this group of insureds.

JUA See Joint Underwriter Association

Judgement Rating A method for determining insurance rates where each exposure is individually evaluated and the rate is determined largely by the underwriter's judgment.

Jumbo CD. See Jumbo Certificate of Deposit.

Jumbo Certificate of Deposit Certificates of Deposit issued in large denominations for a minimum of $100,000.

Jumbo Loans Large mortgage loans in the United States that exceed the national guidelines set by Freddie Mac and Fannie Mae.

Junk Bonds Non-investment grade bonds with a credit rating of BB or lower; also known as high-yield bonds.

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