| / English Dictionary |
JUNK BOND
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
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; junk bond
Classified under:
Nouns denoting possession and transfer of possession
Hypernyms ("junk bond" is a kind of...):
bond; bond certificate (a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal)
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