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Examples of junk bond in a Sentence
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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
Boeing’s credit rating is at risk of being downgraded to junk bond status, which would create more financial problems by raising its cost of borrowing.
—Chris Isidore, CNN, 16 Oct. 2024
Finally, a word on junk bonds and the risk of defaults, which is overblown.
—Michael Foster, Forbes, 8 Oct. 2024
In turn, Boeing’s investment-grade credit rating is hanging on by a thread, and if the strike chews up enough revenue, the planemaker could slip into junk bond status — and far more expensive borrowing costs.
—Melvin Backman, Quartz, 18 Sep. 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 21 Nov. 2024.
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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