junk bond
noun
Definition of junk bond
: a high-risk bond that offers a high yield
Explore M-W
First Known Use of junk bond
1974
JUNK BOND Defined for English Language Learners
junk bond
noun
Definition of junk bond for English Language Learners
-
business : a type of bond that pays high interest but also has a high risk
Law Dictionary
Learn More about junk bond
-
See words that rhyme with junk bond Britannica.com: Encyclopedia article about junk bond
Seen and Heard
What made you want to look up junk bond? Please tell us where you read or heard it (including the quote, if possible).
Writing? Check your grammar now!