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junk bond
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English Dictionary: junk bond by the DICT Development Group
1 result for junk bond
From WordNet (r) 3.0 (2006) [wn]:
junk bond
n
  1. a (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit
    Synonym(s): junk bond, high-yield bond
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