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junk bond

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noun Finance.
  1. any corporate bond with a low rating and a high yield, often involving high risk.
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Origin of junk bond

First recorded in 1975–80
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

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British Dictionary definitions for junk bond

junk bond

noun
  1. finance a security that offers a high yield but often involves a high risk of default
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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