📖Glossary - J

A	F	K	P	U
B	G	L	Q	V
C	H	M	R	W
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E	J	O	T

Junk Bond

Wall Street slang for high-yield or non-investment grade bonds, described as such because these securities carry a higher default risk than investment-grade bonds with higher ratings. Junk bonds are rated 'Ba' or lower by Moody's, or 'BB' or lower by Standard & Poors.