Corporate Bond
A corporate bond is debt issued by a company to raise capital, with pricing driven by coupon, maturity, seniority, and credit risk.
Corporate, guaranteed, high-grade, investment-grade, high-yield, junk, and taxable bond terms.
Corporate bond basics and credit-quality terms describe company debt by issuer type, rating tier, yield category, tax status, and guarantee support.
Use this branch when the main question is how risky or credit-sensitive a corporate bond is.
| Term | What it clarifies |
|---|---|
| Corporate Bond | A debt security issued by a company. |
| Guaranteed Bond | A bond supported by a guarantee under stated terms. |
| High-Grade Bond | A higher-quality bond category. |
| Investment-Grade Bond | A bond rated in an investment-grade category. |
| High-Yield Bond | A below-investment-grade or higher-spread corporate bond. |
| Junk Bond | A colloquial term for speculative-grade debt. |
| Taxable Bond | A bond whose interest is taxable under the relevant rules. |
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A corporate bond is debt issued by a company to raise capital, with pricing driven by coupon, maturity, seniority, and credit risk.
A guaranteed bond has principal and interest supported by another party, so investors evaluate both issuer risk and guarantor strength.
A high-grade bond carries one of the strongest credit ratings, usually AAA or AA, and typically offers lower yields than riskier bonds.
A high-yield bond is below investment grade, so investors demand higher yields for greater default, downgrade, and liquidity risk.
An investment-grade bond carries a relatively strong credit rating, making default risk, yield spread, and portfolio eligibility central to analysis.
A junk bond is a below-investment-grade debt security with higher credit risk and usually higher yield than investment-grade bonds.
A taxable bond pays interest that is generally subject to income tax, making after-tax yield the relevant comparison measure.