junk bond

noun

Definition of junk bond

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

1974

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

junk bond

  1. see bond 2


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