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 资深法律翻译Patrick,毕业于美国顶尖的高级翻译学院,专注翻译各类与资产管理有关的法律文件。