junk
/dʒʌŋk/ adjectiveDefinition
› FINANCE, STOCK MARKET relating to debt or investment in a company or organization that has a low credit rating (= ability to pay its debt): Junk advocates point out that the average junk portfolio lost about 10% of its value in October, a vastly superior performance to equities.junk level/rating/status The corporate bond market is heading for its worst year for credit quality after a wave of recent downgrades to junk status.
› COMMUNICATIONS relating to advertising in the form of mail, email, etc. that is sent without your asking for it: Junk fax companies are constantly searching for new numbers to call in a process called war dialing. junk email/mail/faxes
(Definition of junk adjective from the Cambridge Business English Dictionary
© Cambridge University Press)
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