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Meaning of junk bond

Source language: EnglishDictionary language: English

junk bond

noun

Definitions

  1. 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.

Sources:https://en.wiktionary.org/wiki/junk%20bond

Related words

debenturesenior notebearer bondgovernment bondbaby bondbond issuesenior bondsuperbond