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junk bonds

junk bond

 
noun Finance.
any corporate bond with a low rating and a high yield, often involving high risk.
Junk Bond Fraud www.junkbond-losses.com/ Attorneys represent investors who lost money to junk bond fraud.
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Origin:
1975–80
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Junk bonds is always a great word to know.
So is lollapalooza. Does it mean:
a children's mummer's parade, as on the Fourth of July, with prizes for the best costumes.
an extraordinary or unusual thing, person, or event; an exceptional example or instance.
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American Heritage
Cultural Dictionary

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.
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Slang Dictionary

junk bond definition


  1. n.
    a low-rated corporate bond that pays higher interest because of greater risk. (Parallel to junk food.) : Don't put all your money into junk bonds.
Dictionary of American Slang and Colloquial Expressions by Richard A. Spears.Fourth Edition.
Copyright 2007. Published by McGraw Hill.
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