junk bond meaning

UK /dʒʌŋk bɒnd/ US /dʒʌŋk bɑnd/ 2 syllables

junk bond (noun): a (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit.

Definition of junk bond

  1. a (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit

    Synonyms: high-yield bond

    Type of: bond

How to pronounce junk bond

junk bond is pronounced /dʒʌŋk bɒnd/ in British English and /dʒʌŋk bɑnd/ in American English. It has 2 syllables.

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