Word | Noun | Adjective | Verb | Adverb |
---|---|---|---|---|
junk bond | Yes | No | No | No |
bond certificate | Yes | No | No | No |
junk bond (noun) | bond certificate (noun) |
---|---|
a (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit | 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 |