Library / English Dictionary

    JUNK BOND

    Pronunciation (US): Play  (GB): Play

     I. (noun) 

    Sense 1

    Meaning:

    A (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable creditplay

    Synonyms:

    high-yield bond; junk bond

    Classified under:

    Nouns denoting possession and transfer of possession

    Hypernyms ("junk bond" is a kind of...):

    bond; bond certificate (a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal)

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