Synonyms/Hypernyms (Ordered by Estimated Frequency) of noun junk_bond

1 sense of junk bond

Sense 1
junk bond, high-yield bond -- (a (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit)
       => 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)