Difference between revisions of "Junk bond"
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According to [[Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition)]], | 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. | :[[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 bond]]s. High-risk, high-yield bonds. | ||
==Related concepts== | ==Related concepts== | ||
Latest revision as of 23:23, 1 November 2019
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.
