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junk bond |
Also found in: Legal, Financial, Encyclopedia, Wikipedia, Hutchinson | 0.06 sec. |
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Translationsjunk bond n (COMM) → obligación f basura inv junk bond n (Comm) → obligation hautement spéculative utilisée dans les OPA agressives junk bond n (Fin) → niedrig eingestuftes Wertpapier mit hohen Ertragschancen bei erhöhtem Risiko junk bond n (COMM) → titolo m spazzatura inv |
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? Mentioned in | ? References in periodicals archive | |
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High-yield bonds, better known as junk bonds because of their low credit rating and low sensitivity to interest rates, were added, with a smattering of mutual funds that invest in bonds overseas. Ten days later, there followed another shocking revelation: Credit Suisse First Boston had underwritten more junk bonds in 2003 than in 2002, but made less profit from the business. Junk bonds, by paying investors a higher rate of return in recompense for assuming a higher level of risk, provide an effective means of bypassing traditional financing channels. |
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