junk bond

noun

: a high-risk bond that offers a high yield

Examples of junk bond in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
The Rales brothers’ rapid takeover strategy initially relied on Michael Milken’s infamous junk bonds. Rebecca Keegan, The Hollywood Reporter, 27 Feb. 2025 Saks Global executive chairman Richard Baker managed to pull off the $2.7 billion acquisition with the support of Amazon, Salesforce, G-III Apparel Group and Authentic Brands Group and $2.2 billion in junk bonds, despite Saks owing its vendors hundreds of millions of dollars. David Moin, WWD, 6 Jan. 2025 Bloomberg reported Wednesday that a $2.2 billion junk bond financing the acquisition saw strong demand. David Moin, WWD, 11 Dec. 2024 That gives the company a little distance from junk bond territory one tier down the rating scale. Evan Clark, WWD, 3 Dec. 2024 See All Example Sentences for junk bond

Word History

First Known Use

1974, in the meaning defined above

Time Traveler
The first known use of junk bond was in 1974

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Cite this Entry

“Junk bond.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/junk%20bond. Accessed 12 Mar. 2025.

Legal Definition

junk bond

see bond sense 2

More from Merriam-Webster on junk bond

Last Updated: - Updated example sentences
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