# High-Yield Bond

*Markets & Instruments — Finicade finance glossary*

A bond from a riskier issuer, paying more to compensate for a real chance of default — bluntly, a 'junk' bond. Higher income, bumpier ride, and the first to suffer when the economy turns.

**Also known as:** junk bond

**Related terms:** [Credit Rating](https://finicade.com/glossary/credit-rating), [Credit Spread](https://finicade.com/glossary/credit-spread), [Bond](https://finicade.com/glossary/bond)

Source: https://finicade.com/glossary/high-yield-bond