English Dictionary |
JUNK BOND
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Dictionary entry overview: What does junk bond mean?
• JUNK BOND (noun)
The noun JUNK BOND has 1 sense:
1. a (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit
Familiarity information: JUNK BOND used as a noun is very rare.
Dictionary entry details
Sense 1
Meaning:
A (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit
Classified under:
Nouns denoting possession and transfer of possession
Synonyms:
high-yield bond; junk bond
Hypernyms ("junk bond" is a kind of...):
bond; bond certificate (a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal)
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