Junior Stock

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Junior Stock

A stock that has a lower priority compared to another in the event of liquidation. That is, if a company goes bankrupt and is liquidated, holders of junior stock are only paid after all holders of senior stock are fully satisfied. For example, preferred shareholders must be paid before common shareholders; thus, common shares are junior stock with respect to preferred shares. See also: Absolute Priority Rule.
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This allowance can either be put into just a Junior Cash ISA, or divided between a Junior Stocks and Shares ISA and a Junior Cash ISA, in whatever proportion most suits the circumstances.
Natwest has 555,000 young savers with either a Young Savers account, which is designed for the under-11s to put away a regular monthly amount of PS10 or more, or a Junior Stocks and Shares ISA which is made for long-term taxefficient savings.
Most of the smaller indices mirrored the FTSE-100 Index's rise despite a number of staggering falls in share prices among some of the market's junior stocks.
Unlike other Internet reporting services such as Equity Alert (OTCBB:EINC) which tend to alert investors once a company's stock has increased significantly in volume or price, This Week's Pick researches junior stocks which fly under Wall Street's radar screen.
There are a range of saving vehicles to choose from including a simple cash savings account with a bank or building society, premium bonds, a Junior stocks and shares ISA or even a pension.