junk bond
Definition
A high-risk, non-investment-grade bond with a low credit rating, usually BB or lower; as a consequence, it usually has a high yield. opposite of investment-grade bond.
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Related Terms
Collateralized Bond Obligation, corporate bond
'junk bond
' appears in the definitions of these terms on BusinessDictionary.com
Eurojunk, loan participation fund, investment portfolio, high-yield bond, bond ratings
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