| 单词 | junk bond |
| 释义 | junk bond junk bond A bond that offers a high rate of interest because it carries a higher than usual probability of default. High-yield or speculative-grade bonds, as they are also known, are defined as those with a rating of Ba or lower from Fitch or BB or lower from Moody’s or Standard & Poor’s. The practice of issuing junk bonds to finance the takeover of large companies developed in the USA during the 1980s and has since spread elsewhere (seeleveraged buy-out). Compareinvestment-grade. |
| 随便看 |
|
英汉经管词典收录了6519条经济管理类英汉双解词条，基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语单词及短语词组的翻译及用法，是学习及工作的有利工具。