junk bond Definition

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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junk bond is ...
... part of the Bonds subject.

Related Terms

Collateralized Bond Obligation - More

corporate bond - More

CBO - More

cram-down deal, high current income mutual fund, nonrated

junk bond appears in the definitions of these other terms on BusinessDictionary.com

Eurojunk, loan participation fund, high-yield bond, bond ratings, investment portfolio