High-yield Debt
In finance, a high-yield bond (non-investment-grade bond, speculative-grade bond, or junk bond) is a bond that is rated below investment grade. These bonds have a higher risk of default or other adverse credit events, but typically pay higher yields than better quality bonds in order to make them attractive to investors.
Read more about High-yield Debt: Flows and Levels, Risk, High-yield Bond Indices, European Sovereign Debt Crisis
Famous quotes containing the word debt:
“A good debt is not as good as no debt.”
—Chinese proverb.
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