junk bond definition

  • noun:
    • A corporate bond having a top yield and high-risk.
    • A bond (a musical instrument of debt) which will be considered below "investment grade" because of an important danger of standard because of the issuer. The attention rate is higher so that you can make up holders for the danger.
    • a (speculative) bond with a credit score of BB or reduced; released for leveraged buyouts and other takeovers by organizations with debateable credit

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