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{%type%} Definitions

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Short "hint"

any corporate bond with a low rating and a high yield, often involving high risk

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Usage examples (32)
  • Earlier, the junk-bond mania of the late 1980s ended badly.
  • Existing junk-bond yields are at an all-time high of 19.2 percent.
  • Last month Moody's cut Penney's credit rating to junk-bond status.
  • As the economy weakens, junk-bond defaults will increase, Seides says.
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