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junk bond

noun
🔊/ˈdʒʌŋk bɒnd/
🔊/ˈdʒʌŋk bɑːnd/
(business商业)
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  1. a 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 company风险债券，垃圾债券（利息高、风险大，常用于迅速集资进行收购）
    • the high yield on junk bonds高风险债券的高收益