Corporate Bonds: Definition & Explanation
One way to understand corporate bonds is to draw a distinction between them and stocks.
In Praise of So-Called “Junk” Bonds
Originally posted
It’s time to set the record straight about bonds, specifically high-yield bonds. Since the bad ol’ days in the 1980s, when Michael Milken and his cronies at DLJ ruined the reputation of high-yield bonds – that’s where the term “junk bonds” came from – they have been the whipping boy of the industry.