Junk bonds are high-yield bonds either rated by the credit-rating agencies as below investment grade or not rated at all.

Name: Junk bonds are high-yield bonds either rated by the credit-rating agencies as below investment grade or not rated at all.
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High-yield bonds are commonly known as "junk bonds" and are issued by companies that are considered to have a higher risk of default. These bonds are either rated below investment grade by the credit-rating agencies or not rated at all.

Junk Bonds Are High-Yield Bonds Either Rated by the Credit-Rating