junk bond Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “junk bond” in the English Dictionary

"junk bond" in Business English

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junk bondnoun [C]

uk   us   FINANCE, STOCK MARKET
a ​bond that has a high ​risk that it will not be ​paid back, but that may possibly make a large ​profit: If ​companiesissuingjunkbondsdefault on ​payments, ​bondholders have little ​legalrecourse to get their ​investment back. Many ​utilitycompanies have seen their ​creditratingdowngraded to junkbondstatus. a junkbonddealer/​investor/​financier junkbondfunds/​portfolios/​holdings
(Definition of junk bond from the Cambridge Business English Dictionary © Cambridge University Press)
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