English dictionary
junk bond meaning and definition
Definition and meaning of junk bond at MeaningMonkey.org. junk bond meaning and definition in the English Dictionary.JUNK BOND noun
Definition of junk bond (noun)
- a (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit
- synonyms: high-yield bond
Source: Princeton University Wordnet