High-Yield Bond: A bond that has a rating of BB or lower and that typically pays a higher yield to compensate for its higher risk. Also known as a "junk bond".
Source: Ferguson Wellman Glossary of Investment Terms
High-Yield Bond: A bond that has a rating of BB or lower and that typically pays a higher yield to compensate for its higher risk. Also known as a "junk bond".
Source: Ferguson Wellman Glossary of Investment Terms