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high-yield bond

 - 2 dictionary results
Main Entry:  high-yield bond
Part of Speech:  n
Definition:  the lowest quality bond, a junk bond; a bond that pays a relatively high rate of interest but bears a high level of risk
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Financial Dictionary

high-yield bond

See junk bond.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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