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Sigma KEE - JunkBond

KB Term:

JunkBond

A high-risk, non-investment-grade bond with a low credit rating, usually BB or lower, as a consequence, it usually has a high yield.

Relationships
Parents	CorporateBond	A bond issued by a corporation. Such bonds usually have a par value of $1,000, are taxable, have a term maturity, are paid for out of a sinking fund accumulated for that purpose, and are traded on major exchanges.