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: WordNet

Synonyms

high-yield bond loan debentures mortgage debentures asset-backed security unrated bond low-rated bond non-investment grade bond risky bond speculative-grade bond sub-investment grade bond credit risk bond default risk bond high-risk bond fallen angel bond below investment grade bond

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Antonyms

government bond low-risk bond sovereign bond investment grade bond bond rated bbb lowest risk bond

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Hypernyms

bond bond certificate

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. Brock Yates

Close letter words and terms

junjung junk junk bay junk bottle Junk Ceylon junk conference