junk bond

noun Finance.

any corporate bond with a low rating and a high yield, often involving high risk.

Nearby words

  1. juniper tar,
  2. junius,
  3. junius, franciscus,
  4. junk,
  5. junk art,
  6. junk bonds,
  7. junk call,
  8. junk dna,
  9. junk food,
  10. junk jewelry

Origin of junk bond

First recorded in 1975–80

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

British Dictionary definitions for junk bonds

junk bond


finance a security that offers a high yield but often involves a high risk of default
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Culture definitions for junk bonds

junk bonds

Technically known as bonds of “less than investment grade,” they are short-term, high-yield bonds. They were widely used in the 1980s to finance mergers, especially hostile ones.

The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.