junk bond

NOUN
9 LETTERS · STARTS WITH J

junk bond is a valid 9-letter word worth 22 points in Scrabble and 28 points in Words with Friends.

SCRABBLE WORDS WITH FRIENDS
J8U1N1K5B3O1N1D2
8 + 1 + 1 + 5 + 0 + 3 + 1 + 1 + 2 =22 PTS
DOUBLE WORD → 44TRIPLE WORD → 66
MEANING

What does junk bond mean?

NOUN · 1 SENSE
1

A (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit.