Pass Your FINRA Exam Guaranteed Or Your Money Back With Our Greenlight Guarantee
For more than 25 years we’ve helped students pass over 250,000 exams and we’ve done so with industry leading pass rates!
Pass our Greenlight guaranteed practice exam & we guarantee you’ll pass your exam – or your money back!*
Junk bond is a bond with a high degree of default risk, which has been assigned a speculative rating by the ratings agencies.
Corporations who have had credit isssues and who have earnings issues will ususally be assigned a lower credit rating by the credit ratings agencies. These lower credit ratings reflect the higher level of default risk associated with the bonds. When an issuer has a higher level of risk investors will demand a higher interest rate to compensate them for taking the additional risk. These high yield bonds are often referred to as junk bonds.