Junk-bond



noun, Finance.
1.
any corporate bond with a low rating and a high yield, often involving high risk.
noun
1.
(finance) a security that offers a high yield but often involves a high risk of default

noun phrase

A bond having high yield but relatively little security, used as a payment for one company by another in a corporate merger: Fed adopts ”Junk Bond” curbs (mid-1970s+)

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