junk bond
noun
Simple Definition of junk bond
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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
: a high-risk bond that offers a high yield
Related to junk bond
1974
First Known Use of junk bond
1974
Law Dictionary
Learn More about junk bond
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Britannica.com: Encyclopedia article about junk bond
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