junk bond, n.
a (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit
<noun.possession>
high-yield bond junk bond
semantic pointers
hypernym
Word
a (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit
<noun.possession>
high-yield bond junk bond