junk bond

noun

: a high-risk bond that offers a high yield

Examples of junk bond in a Sentence

Recent Examples on the Web Sort of like Michael Milliken buying junk bonds, as a close-enough analogy. Zain Jaffer, Rolling Stone, 5 Apr. 2024 Fitch Ratings this week moved Boeing’s credit rating closer to junk bond status. Quartz Staff, Quartz, 17 Mar. 2024 While it’s taken a long time for the market to realize this, 2024 has been the year of realizing the benefits of junk bonds. Michael Foster, Forbes, 29 Mar. 2024 And ratings agency Fitch says the company’s default risk is inching closer to junk bond territory. Melvin Backman, Quartz, 18 Mar. 2024 In addition to Musk and Murdoch, the award will be presented to billionaire Michael Milken (known for his dominance of the junk bond market in the 1980s before pleading guilty to securities violations), Sylvester Stallone and Martha Stewart. Zoe G Phillips, The Hollywood Reporter, 18 Mar. 2024 The good news is that debts coming due by the end of 2024 in the junk bond market constitute only about 8 percent of the outstanding market, according to data compiled by Bloomberg. Joe Rennison, New York Times, 28 Nov. 2023 But returns on Asian junk bonds have been negative since February, according to ICE BofA data. Frances Yoon, WSJ, 28 June 2023 No celebrities break the fourth wall in a bubble bath to explain junk bonds. David Fear, Rolling Stone, 9 Sep. 2023

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'junk bond.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1974, in the meaning defined above

Time Traveler
The first known use of junk bond was in 1974

Dictionary Entries Near junk bond

Cite this Entry

“Junk bond.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/junk%20bond. Accessed 24 Apr. 2024.

Legal Definition

junk bond

see bond sense 2

More from Merriam-Webster on junk bond

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