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

piglet

a baby pig

Word of the Day

The way we move (Verbs for walking and running)

by Kate Woodford,
March 25, 2015
​​​ This week we’re looking at interesting ways to describe the way that people move. Most of the verbs that we’ll be considering describe how fast or slow people move. Others describe the attitude or state of mind of the person walking or running. Some describe both. Starting with verbs for walking slowly,

Read More 

stackin’ p

March 30, 2015
idiom slang earning a lot of money ‘That’s a very generous present.”Yeah, well, she’s stackin’ p, innit?’

Read More