High-yield debt
In finance, a high yield bond (non-investment grade bond, speculative grade bond or junk bond) is a bond that is rated below investment grade at the time of purchase. These bonds have a higher risk of default or other adverse credit events, but typically pay higher yields than better quality bonds in order to make them attractive to investors.This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "High Yield Debt ".
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