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 译员雪梅,国际知名法学院劳动法专业,专注翻译各种与劳动雇佣有关的法律文件。