junk bond
Noun
Meaning
a (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit
Source: WordNetSynonyms
high-yield bond
loan debentures
mortgage debentures
asset-backed security
high-risk bond
below investment grade bond
bond rated below investment grade
low-rated bond
non-investment grade bond
speculative bond
sub-investment grade bond
credit risk bond
default risk bond
below investment grade debt
distressed bond
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Antonyms
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Examples
Had I been more responsible I might have made something of myself as a junk bond trader, long-haul trucker or perhaps a plumbing contractor.