junk bond
junk bond
Definition
junk bond
noun
Informal a high-yield, speculative bond (), often issued to finance the takeover of a corporation
junk bond Finance Definition
Bonds
that have a credit rating of BB or below. Bonds that have a junk rating are
often issued by companies or municipalities that have a bad or uncertain credit
rating. Also called high-yield, high-risk, or below-investment grade bonds.
junk bond
Usage Examples
Modifies a noun
- status: Korean state and corporate bonds reduced to junk bond status.
Browse dictionary entries near junk bond
- junk
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- junior lightweight
- Junior League
- junior high school
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- Junk Fax Protection Act
- junk food
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- junk mail
- junker
- junket
- junkie
- junkman
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