English version

junk bond in Stocks & shares topic

From Longman Dictionary of Contemporary Englishjunk bondˈjunk bond noun [countable]  BFSa bond which has a high risk and is often sold to pay for a takeover
Examples from the Corpus
junk bondIn 1984 our two-man junk bond department spoke at a Salomon Brothers seminar for several hundred savings and loan managers.Salomon Brothers, slow to learn about take-overs and largely absent from the junk bond market, missed the bonanza.