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junk bond

noun, Finance.
any corporate bond with a low rating and a high yield, often involving high risk.
Origin of junk bond
1975-80 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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British Dictionary definitions for junk-bond

junk bond

(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
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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.
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