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Jenny,毕业于欧洲顶尖的高级翻译学院,擅长翻译涉及体育和运动场馆领域的法律文件。