junk bond

Noun

 * 1)  A bond (an instrument of debt) which is considered below "investment grade" due to a significant risk of default by the issuer. The interest rate is higher in order to compensate holders for that risk.

Translations

 * Chinese:
 * Mandarin: 垃圾債券
 * French:
 * German: hochverzinsliche Anleihe, risikoreiche Anleihe, Schrottanleihe, Ramschanleihe
 * Italian: titolo spazzatura
 * Swedish: skräpobligation