junk bond
Definition from Wiktionary, the free dictionary
English [edit]
Noun [edit]
Wikipedia junk bond (plural junk bonds)
- (finance) 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.
Translations [edit]
a bond which is considered below investment grade
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