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junk bond
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junk bond


  a bond that is riskier, but pays more interest than traditional bonds
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junk bonds junk bond
Strongly Associated with:   municipal bond, Treasury bond, T-bill
Notes:
Also known as a high-yield bond. Although there is much institutional investment in junk bonds, they are considered to be bonds that are rated below "investment grade". Specifically, a bond rated BB or below by Standard & Poor’s Corp. and Ba or below by Moody’s Investor Service.
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Associated words [difficulty]:   junk bond , municipal bond [9] , Treasury bond [9] , municipal bond [9] , Individual Retirement Account (IRA) [3] , bond [4] , financial commodities [5] , stock [7] , mutual fund [8] , hedge fund [9] , municipal bond [9]
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Most commonly used in these subjects:   Personal Finance, Business, Public Policy & Politics
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