junk bond

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noun Finance.

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

Origin of junk bond

First recorded in 1975–80

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

Examples from the Web for junk bond

Contemporary Examples of junk bond

At least Milken was the junk-bond king when he got his $550 million pay package in 1987.
Wall Street's New Bonus Outrage
William D. Cohan
March 5, 2009

British Dictionary definitions for junk bond

junk bond

noun

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