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Definitions

junk bond

NOUN
bond rated bb or lower
Synonyms


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

The telecommunications company had spent some $15 billion building fiber-optic networks in 27 countries since it was launched by former Drexel Burnham junk bond trader Gary Winnick in 1997.

From The Wall Street Journal • Jan. 28, 2026

The debacles “may have repercussions on the financial system more broadly,” warns junk bond guru Marty Fridson, chief executive officer of FridsonVision High Yield Strategy.

From Barron's • Oct. 23, 2025

He later moved to the West Coast, where Milken set up his junk bond shop in Beverly Hills in 1978.

From Los Angeles Times • Nov. 7, 2023

His clients included Ivan Boesky, who pleaded guilty to insider trading during the junk bond scandal of the late 1980s, and scores of financial firms.

From New York Times • Jun. 2, 2023

The junk bond and leveraged loan markets saw borrowing costs spike drastically in the last year as the Federal Reserve raised interest rates in response to inflation.

From Seattle Times • Feb. 14, 2023