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Examples of junk bond in a Sentence
Recent Examples on the Web
Saks Global executive chairman Richard Baker managed to pull off the $2.7 billion acquisition with the support of Amazon, Salesforce, G-III Apparel Group and Authentic Brands Group and $2.2 billion in junk bonds, despite Saks owing its vendors hundreds of millions of dollars.
—David Moin, WWD, 6 Jan. 2025
Bloomberg reported Wednesday that a $2.2 billion junk bond financing the acquisition saw strong demand.
—David Moin, WWD, 11 Dec. 2024
That gives the company a little distance from junk bond territory one tier down the rating scale.
—Evan Clark, WWD, 3 Dec. 2024
Standard & Poor’s, which is on the verge of downgrading Boeing’s credit rating to junk bond status for the first time in the company’s history, estimates that the strike is costing Boeing an additional $1 billion a month, on top of its existing rate of losses.
—Chris Isidore, CNN, 23 Oct. 2024
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Word History
First Known Use
1974, in the meaning defined above
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Cite this Entry
“Junk bond.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/junk%20bond. Accessed 23 Jan. 2025.
Legal Definition
junk bond
see bond sense 2
More from Merriam-Webster on junk bond
Britannica.com: Encyclopedia article about junk bond
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