junk bond
Word Rarity
Rare
Frequency: Zipf frequency 3.92 in modern English
22
Scrabble Score
8
Letters
1
Syllables
7
Unique Chars
Meaning
noun
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.