NOUN | possession | high-yield bond, junk bond | a (speculative) bond with a credit rating of BB or lower |
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Meaning | A (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit. | |
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Synonym | junk bond | |
Broader | bond, bond certificate | A certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money |
Spanish | bono basura | |
Catalan | bo porqueria |
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