junk bond - definition in the Business English Dictionary - Cambridge Dictionaries Online

Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “junk bond”

junk bond

noun [C]
 
 
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 companies issuing junk bonds default on payments, bondholders have little legal recourse to get their investment back. Many utility companies have seen their credit rating downgraded to junk bond status. a junk bond dealer/investor/financier junk bond funds/portfolios/holdings
(Definition of junk bond from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of junk bond?
Add Cambridge dictionaries to your browser to your website

Word of the Day

paradox

a situation or statement that seems impossible or is difficult to understand because it contains two opposite facts or characteristics

Word of the Day

What’s All The Commotion About? (Words to describe sounds)

by Kate Woodford,
May 20, 2015
​​​ In this post we look at a range of words and phrases that we use to describe noise and the absence of noise. Starting with complete quiet, we sometimes use the noun hush to describe silence: A hush fell over the room as the bride walked in./There was a deathly hush (=complete

Read More 

plyscraper noun

May 18, 2015
a skyscraper made mainly from wood The development of engineered timber could herald a new era of eco-friendly ‘plyscrapers’. Christchurch welcomed its first multistorey timber structure this year, there are plans for Vancouver, and the talk is China could follow

Read More