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Definition of Junk bond
1. 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. Noun. (finance) A bond (an instrument of debt) which is considered below "investment grade" due to a significant risk of default by the issuer. The interest rate is higher in order to compensate holders for that risk. ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Junk Bond
Literary usage of Junk bond
Below you will find example usage of this term as found in modern and/or classical literature:
1. Making Things Better: Competing in Manufacturing (1993)
"junk bond financing can turn even relatively small operators into ... Even without
a recession, however, the junk bond market is troubled; in 1989, ..."
2. Advanced Demolition Legion: The ADL in Action by Gyeorgos Ceres Hatonn (1994)
"THE ADL AND THE junk bond BANDITS RIP OFF AMERICA In ... attorney Alan Dershowitz,
who had been hired by junk bond king Michael Milken to get him out of ..."
3. Missing the Lifeboat? by Gyeorgos Ceres Hatonn (1994)
"(1) The actual purpose of the S&L/junk-bond scandal involved the embezzlement by
FEMA/CIA operatives of hundreds of billions of dollars from the S&L ..."
4. The Mother of All Webs Who Gotcha! by Gyeorgos Ceres Hatonn (1992)
"“But a few months later, when the jailed junk bond swindler hired Dershowitz ...
In turn they represented the junk bond czar's major social forum--the one ..."
5. Case Studies of Selected Leveraged Buyouts (1991)
"About 1 year after the LBO, in October 1987, Safeway obtained bank financing to
redeem $539 million (49 percent) of its junk bond debt. ..."
6. Institutional Investors in the New Financial Landscape by H. J. Blommestein, Norbert Funke (1998)
"There are corporate bond funds, government securities funds, high-quality corporate
bond funds, low-quality (junk) bond funds, convertible securities funds, ..."
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