junk bond means: Bonds with a lower speculative credit rating than BBSP or Ba Moody’s. Investors can get higher returns on high-yield or junk bonds than they do bonds from financially sound businesses. Standard Poors Investor Services and Moody’s Investor Services are the agencies that provide credit rating services for companies. (in Stock Market Dictionary)

What else does junk bond mean?

  • Corporate bonds with high default risk and high yield. (in Merlin Dictionary)