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junk bond

noun

Simple Definition of junk bond

  • business : a type of bond that pays high interest but also has a high risk

Source: Merriam-Webster's Learner's Dictionary

Full Definition of junk bond

  1. :  a high-risk bond that offers a high yield

1974

First Known Use of junk bond

1974


Law Dictionary

junk bond

  1. see bond 2




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