junk bond
Noun
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Noun
junk bond (plural junk bonds)
- (finance) A bond (an instrument of debt) which is considered below "investment grade" due to a significant risk of default by the issuer. The interest rate is higher in order to compensate holders for that risk.
- French: obligation pourrie
- German: hochverzinsliche Anleihe, risikoreiche Anleihe, Schrottanleihe, Ramschanleihe
- Italian: titolo spazzatura
This text is extracted from the Wiktionary and it is available under the CC BY-SA 3.0 license | Terms and conditions | Privacy policy 0.001