junk bond:
(1974)
1. A bond that pays interest at a high rate because of significant risks — often issued to raise money quickly in order to buy the shares of another company.
2. See high-yield bond. [1]
1. Corporate bonds that are below investment quality, that is, a high-risk investment. As with high-risk investments generally, junk bonds yield a high rate of interest. [2]
References:
Disclaimer: All material throughout this website is compiled in accordance with Fair Use.
[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black & Editor in Chief Bryan A. Garner. ISBN: 978-0-314-62130-6
[2]: Ballantine’s Law Dictionary Legal Assistant Edition
by Jack Ballantine (James Arthur 1871-1949). Doctored by Jack G. Handler, J.D. © 1994 Delmar by Thomson Learning. ISBN 0-8273-4874-6.
******************************************
Back to Bonds
Like this website?
or donate via PayPal:
Disclaimer: Wild Willpower does not condone the actions of Maximilian Robespierre, however the above quote is excellent!
This website is being broadcast for First Amendment purposes courtesy of
Questions? Suggestion(s)?
[email protected].
We look forward to hearing from you!