Definitions for junk bond
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Random House Webster's College Dictionary
junk′ bond`(n.)
a corporate bond with a low rating and a high yield, often involving high risk.
Category: Business
Origin of junk bond:
1975–80
Princeton's WordNet
junk bond, high-yield bond(noun)
a (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit
Wiktionary
junk bond(Noun)
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.
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"junk bond." Definitions.net. STANDS4 LLC, 2013. Web. 25 May 2013. <http://www.definitions.net/definition/junk bond>.