Junk-bond definitions

A corporate bond having a high yield and high risk of default.
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A corporate bond with a relatively high yield that reflects the heightened investment risk associated with the bond's issuer.
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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.
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(finance) A bond (an instrument of debt) which is considered below "investment grade" due to a significant risk of default by the issuer. The interest rate is higher in order to compensate holders for that risk.
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