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This glossary is a FREE SERVICE to assist the student and enthusiast alike to get a better understanding of financial terms, analyst industry jargon and monetary concepts. It is a free service to all internet users.
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Exact search         lion Contains the word      millions
Starts with word     lioness Ends with word          million
 
junk bonds Junk bonds, or speculative grade bonds, or high yield bonds are bonds rated below investment grade at the time of purchase. They have a higher risk of default, but pay a higher yield than investment grade bonds to attract investors. Such bonds are rated at Ba and below by Moody's, at BB+ and below by Standard and Poor's and BB+ by Fitch.