high-yield bond

Other forms: high-yield bonds

Definitions of high-yield bond

1. noun

   a (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit
   synonyms: junk bond

   type of:

   bond, bond certificate

   a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal