junk bonds

Tag: junk bonds

Non-Investment Grade Bonds (Unsecured Debentures)

See Also: Common Stock Company Valuation Convertible Debt Instrument Coupon Rate Bond Covenant Definition of a Bond Contract Non-Investment Grade Bonds (Unsecured Debentures) A non-investment grade bond, also called a speculative bond, a high yield bond, an unsecured debenture, or a junk bond, is a bond that is considered a low quality investment because the

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