[] () a type of bond that pays a high rate of interest because there is a lot of risk involved, often used if a company wants to raise money quickly in order to buy the shares of another company 垃圾债券，破烂债券，风险债券（利息高、风险大，常用於迅速集资进行收购）◆The company plans to sell $925 million of junk bonds to fund the acquisition. 公司计划销售 9.25 亿元的垃圾债券以便为收购准备资金。◆investing in high-yield junk bonds 投资於高收益的垃圾债券