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junk bond

   Also found in: Legal, Financial, Encyclopedia, Wikipedia, Hutchinson 0.06 sec.
junk bond
n.
A corporate bond having a high yield and high risk.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.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
bond certificate, bond - 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
Translations
junk 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
 
He was also one of the chief busters of the junk bond frauds of the 1980s.
Some purists will object to this overseas resurrection of the junk bond industry's Marconi, pointing out that he is, in the narrow, technical sense of the word, a "crook.
 
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