high yield bondglossary / high-yield bond A high-risk, high-yield subordinated bond issued by a company with a credit rating below investment grade. — Also termed junk bond; high-yield debt obligation. 词条贡献者 资深译员Laura,毕业于一所培养高级翻译以及跨文化事务专家的精英大学,专注翻译各种与美国公司法规有关的法律文件。