Joint Venture

A Joint Venture is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. In a Joint Venture, each of the participants is responsible for profits, losses, and costs associated with…

Junk bond

A high yield bond with a credit rating of BB or lower. Due to their higher risk of default, they offer a very high return to investors when used to raise capital .

Joint and several liability

A situation in a partnership whereby liabilities are shared collectively, yet each partner is individually responsible for the whole of the partnership.

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