higher yields than investment-grade bonds in order to compensate for the increased risk. As indicated by their lower credit ratings, high-yield debt entails...

usually exceed the par or issue price. In certain cases, mainly in the high-yield debt market, there can be a substantial call premium. Thus, the issuer has...

risk-return spectrum. The general progression is: short-term debt; long-term debt; property; high-yield debt; equity. There is considerable overlap of the ranges...

In finance, the yield spread or credit spread is the difference between the quoted rates of return on two different investments, usually of different...

and political economy. Fridson has been referred to as the "dean of high yield debt." He is currently chief investment officer of Lehmann, Livian, Fridson...

by companies with a low credit rating and high growth potential. Convertible bonds are also considered debt security because the companies agree to give...

and accounting, the cost of capital is the cost of a company's funds (both debt and equity), or from an investor's point of view is "the required rate of...

underestimation of risks (by end investors) of asset-backed securities with high-yield debt as their underlying assets. These factors have come to light in the...

use to make legitimate attempts to take over companies and provide high-yield debt financing of the buyouts. Drexel Burnham raised a $100 million blind...

of security under which the issuer (debtor) owes the holder (creditor) a debt, and is obliged – depending on the terms – to provide cash flow to the creditor...