Optimists prefer the term "high yield" bonds.

"It's possible that restricted securities will become another widely accepted investment strategy like bank debt and high yield bonds," he said.

Similar stories are seen in fixed-income areas that showed big losses for the quarter - emerging-markets and high- yield bonds.

The firm invests in global public equity, fixed income and hedging markets with a focus on leveraged loans, high yield bonds, and structured products.

They're taking away authority to invest in high yield bonds - junk bonds.

In November 2001 Brokat declared bankruptcy after it was unable to negotiate a restructuring agreement with the creditors of the high yield bond.

The historical default rate for high yield bonds from 1978 to 1988 was approximately 2.2% of total issuance.

In larger transactions, sometimes all or part of these two debt types is replaced by high yield bonds.

That helps to explain why "junk bond" may be a more accurate term than "high yield bond."

One popular form developed in Canada was the Income Trust, which combined income from a high yield bond with a stock dividend.