- junk bond as a noun:
- 1
junk bond
noun
1 junk bond
A (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit.
synonym: high-yield bond.
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noun
A (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit.
synonym: high-yield bond.
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