A distressed bond (one that has a high likelihood of default) can also trade for huge discounts to par, effectively raising its yield to very attractive levels. (investopedia.com)
Different types of properties have different risk levels associated with them, based on the historical likelihood of default. (homebuyinginstitute.com)
First, investors who emphasizes high - quality bonds with a low likelihood of default are able to minimize or even eliminate the principal losses that can occur with bond funds. (investorplace.com)