Junk Bond (Noun)
Meaning
A (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit.
Classification
Nouns denoting possession and transfer of possession.
A (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit.
Nouns denoting possession and transfer of possession.