Oxford Dictionary English junk bond noun noun BrE BrE//ˈdʒʌŋk bɒnd// ; NAmE NAmE//ˈdʒʌŋk bɑːnd// (business) Add to my wordlistjump to other resultsa type of bond that pays a high rate of interest because there is a lot of risk involved, often used to raise money quickly in order to buy the shares of another companySee junk bond in the Oxford Advanced American DictionaryCheck pronunciation: junk bond oxfordlearnersdictionaries.com
