junk bond(redirected from Mezzanine debt)
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A corporate bond having a high yield and high risk of default.
(Banking & Finance) finance a security that offers a high yield but often involves a high risk of default
a corporate bond with a low rating and a high yield, often involving high risk.
A bond issued by a company or other entity with a low credit rating. Junk bonds are usually traded at a fraction of their face value.
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|Noun||1.||junk bond - a (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit|