JUNK BOND

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

A (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit

Synonyms:

high-yield bond; junk bond

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("junk bond" is a kind of...):

bond; bond certificate (a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal)

Credits