Terms & Definitions - J
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J-curve: The theory that the Internal Rate of Return of a fund will be low in its early stages, particularly due to costs incurred in starting the fund, but then as the firm becomes more stable and profitable, that its internal rate of return will increase. The shape of this, if graphed over time, would look like a J.
Joint-and-last-survivor annuity: A variation on the life annuity theme, this pays between 10 percent and 15 percent less per month than a straight life annuity, but payments continue until the surviving spouse dies. This is most often the annuity option of choice for married couples.
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