# Glossary - J

<table data-header-hidden><thead><tr><th width="127"></th><th></th><th></th><th></th><th></th></tr></thead><tbody><tr><td><a href="glossary-a"><strong>A</strong></a></td><td><a href="glossary-f"><strong>F</strong></a></td><td><a href="glossary-k"><strong>K</strong></a></td><td><a href="glossary-p"><strong>P</strong></a></td><td><a href="glossary-u"><strong>U</strong></a></td></tr><tr><td><a href="glossary-b"><strong>B</strong></a></td><td><a href="glossary-g"><strong>G</strong></a></td><td><a href="glossary-l"><strong>L</strong></a></td><td><a href="glossary-q"><strong>Q</strong></a></td><td><a href="glossary-v"><strong>V</strong></a></td></tr><tr><td><a href="glossary-c"><strong>C</strong></a></td><td><a href="glossary-h"><strong>H</strong></a></td><td><a href="glossary-m"><strong>M</strong></a></td><td><a href="glossary-r"><strong>R</strong></a></td><td><a href="glossary-w"><strong>W</strong></a></td></tr><tr><td><a href="glossary-d"><strong>D</strong></a></td><td><a href="glossary-i"><strong>I</strong></a></td><td><a href="glossary-n"><strong>N</strong></a></td><td><a href="glossary-s"><strong>S</strong></a></td><td><a href="glossary-x-y-z"><strong>X, Y, Z</strong></a></td></tr><tr><td><a href="glossary-e"><strong>E</strong></a></td><td><a href="glossary-j"><strong>J</strong></a></td><td><a href="glossary-o"><strong>O</strong></a></td><td><a href="glossary-t"><strong>T</strong></a></td><td></td></tr></tbody></table>

### Junk Bond <a href="#junk_bond" id="junk_bond"></a>

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.