Junk bond

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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.

Related concepts

Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.

Related lectures

Introduction to Financial Management.

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