JUNK BOND as NOUN

1. Meaning
   • 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)
   • high-yield bond (what does high-yield bond mean?)
   Hypernyms(s) junk bond is a kind of… Example: animal is a hypernym of mammal, plant is a hypernym of flower
   • bond (what does bond mean?)
   • bond certificate (what does bond certificate mean?)