JUNK BOND Definition

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JUNK BOND is a bond with a speculative credit rating of BB or lower. Such bonds offer investors higher yields than bonds of financially sound companies. Two agencies, Standard & Poors and Moodys Investor Services, provide the rating systems for companies credit. See HIGH YIELD JUNK.

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DINAR (DINARA) is a currency of: Algeria, Bahrain, Bosnia & Herzegovina, Croatia, Iraq, Jordan, Kuwait, Libya, Serbia, Sudan, Tunisia, and Yugoslavia.

RAM is Random-Access Memory.

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