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JUNK BOND

This is a catch-all phrase for bonds that are of sub investment grade quality and are therefore higher risk than safer equivalents. Typically junk bonds are high yield as they have to offer a decent return to compensate buyers for the extra risk. Two factors contribute to junk status – the quality of the issuer …

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JISA

This is short for “junior ISA”. A JISA may be set up for any child that is aged under 18, lives in the UK and doesn’t have a Child Trust Fund. A JISA can hold cash and/or stocks and shares. The amount that can be paid in each year is capped, however anyone can pay …

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