Last Updated：2025/11/20

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(finance) 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.

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junk bond

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Source Word

junk bond

Noun

(finance) 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.

Japanese Meaning

ジャンク債：投資適格以下とみなされる債券で、発行体の債務不履行リスクが高いために、リスクを補うために通常より高い利率が設定される金融商品。