a (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit
双语例句
Junk bonds are also known as high-yield bonds. 垃圾债券又称为高收益债券。
As a graduate business student at Pennsylvania's Wharton School,Milken made junk bonds a focus of his scholarship. 垃圾债券大王米尔肯还在宾州大学华顿商学院念研究生时,他就以研究垃圾债券得到奖学金。