junk bond
noun
Definition of junk bond
: a high-risk bond that offers a high yield
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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
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business : a type of bond that pays high interest but also has a high risk
Law Dictionary
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See words that rhyme with junk bond Britannica.com: Encyclopedia article about junk bond
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