====== Glossary - J ======

[[:glossary_a|A]] [[:glossary_b|B]] [[:glossary_c|C]] [[:glossary_d|D]] [[:glossary_e|E]] [[:glossary_f|F]] [[:glossary_g|G]] [[:glossary_h|H]] [[:glossary_i|I]] **J** [[:glossary_k|K]] [[:glossary_l|L]] [[:glossary_m|M]] [[:glossary_n|N]] [[:glossary_o|O]] [[:glossary_p|P]] [[:glossary_q|Q]] [[:glossary_r|R]] [[:glossary_s|S]] [[:glossary_t|T]] [[:glossary_u|U]] [[:glossary_v|V]] [[:glossary_w|W]] [[:glossary_x|X]] [[:glossary_y|Y]] [[:glossary_z|Z]]

==== Junk Bond ====
Wall Street slang for high-yield or non-investment grade bonds, described as such because these securities carry a higher default risk than investment-grade bonds with higher ratings. Junk bonds are rated 'Ba' or lower by Moody's, or 'BB' or lower by Standard & Poors.