follow Dictionary.com

Submit your word to be a Word of the Day!

junk bond

noun, Finance.
1.
any corporate bond with a low rating and a high yield, often involving high risk.
Origin
1975-1980
1975-80
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source
British Dictionary definitions for junk bonds

junk bond

noun
1.
(finance) a security that offers a high yield but often involves a high risk of default
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Cite This Source
junk bonds in Culture

junk bonds definition


Technically known as bonds of “less than investment grade,” they are short-term, high-yield bonds. They were widely used in the 1980s to finance mergers, especially hostile ones.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source
Slang definitions & phrases for junk bonds

junk bond

noun phrase

A bond having high yield but relatively little security, used as a payment for one company by another in a corporate merger: Fed adopts ''Junk Bond'' curbs (mid-1970s+)


The Dictionary of American Slang, Fourth Edition by Barbara Ann Kipfer, PhD. and Robert L. Chapman, Ph.D.
Copyright (C) 2007 by HarperCollins Publishers.
Cite This Source

Word of the Day

Difficulty index for junk bond

Few English speakers likely know this word

Word Value for junk

15
19
Scrabble Words With Friends