What are junk bonds?
A junk bond's a bond rated 'BB' or lower because of its high default risk. Also called a "high-yield bond" or "speculative bond."
Answered by Meprisia J. -
Older Answers
Junk bond is defined as any corporate bond with a low rating and a high yield, often involving high risk.
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A junk bond is the same as a regular bond. Junk bonds are an IOU from a corporation that states the amount it will pay you MORE?
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A junk bond, also known as a "high-yield bond" or "speculative bond", are usually purchased for speculative purposes. They MORE?
Answered by Robin S. -
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