Junk bond
Junk bond is a high-risk, high-yield bond issued to finance leveraged buyouts, mergers,or troubled companies.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Junk bond. High-risk, high-yield bond issued to finance leveraged buyouts, mergers,or troubled companies.
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Junk bonds. High-risk, high-yield bonds.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
