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Jitney
The execution and clearing of orders by one member of a stock exchange for the account of another member. Example: Broker A is a small firm whose volume of business is not sufficient to maintain a trader on the floor of the exchange. Instead it gives its orders to Broker B for execution and clearing and pays a reduced percentage of the normal commission.

Junior Bond Issue
A corporate bond issue, the collateral for which has been pledged as security for other more senior debt issues and is therefore subject to these prior claims.

Junior Debt
One or more junior bond issues.