The phrase
"junk debt" refers to bonds or loans that have a high risk of not being repaid. It typically refers to debts issued by companies with low credit ratings. These companies have a higher chance of defaulting on their payment obligations, thus considered riskier investments.
Full definition
Similar and related words and phrases are presented below.
«junk»
«debt»
Related phrases
Sentences with «junk debt»
- Usually, these accounts are purchased by junk debt buyer for pennies on the dollar from the original lender who wrote off the debt as a loss and tax deduction. (doanlaw.com)
- Additionally, the bill will waive special deduction limitations for junk debt issued this year. (inc.com)
- I continue to favor investment grade income (25 %) over a speculative reach for yield in junk debt. (etfexpert.com)
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sentences)