English version

junk bond

From Longman Dictionary of Contemporary English
Related topics: Stocks & shares
junk 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.
From Longman Business Dictionaryjunk bondˈjunk bondFINANCE a bond with a high rate of interest, but with a high risk of not being repaidHe estimates that 38% of junk bonds will default at some point. bond
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