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Glossary of Accounting Terms

Instructions: Enter a search word or term and click go or click on a letter or number below. Click italicized words in definitions to pop up a definition of the italicized word.

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Joint Venture
When two or more persons or organizations gather capital to provide a product or service. Often carried out as a partnership.

Journal
Any book containing original entries of daily financial transactions.

Junk Bonds
Debt securities issued by companies with higher than normal credit risk. Considered "non-investment grade" bonds, these securities ordinarily yield a higher rate of interest to compensate for the additional risk.

* Definitions courtesy of the New York State Society of CPAs


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