Word familynounjunkiejunkinessjunk bondjunk foodjunk mailjunk shopjunkjunkyard
Related topics: Stocks & shares
ˈjunk bond noun [countableC]
BFSa bond which has a high risk and is often sold to pay for a takeover 低档债券，风险债券，垃圾债券
Examples from the Corpus
junk bond• In 1984 our two-man junk bond department spoke at a Salomon Brothers seminar for several hundred savings and loan managers.• Salomon Brothers, slow to learn about take-overs and largely absent from the junk bond market, missed the bonanza.
From Longman Business Dictionary
junk bondˈjunk bondFINANCE
a bond with a high rate of interest, but with a high risk of not being repaid
He estimates that 38% of junk bonds will default at some point.