High Yield Bond means a debt security which is rated below investment grade.

High Yield Bond means a debt security which, on acquisition by the Issuer, is either rated below Investment Grade by at least one internationally recognised credit rating agency (provided that, if such debt security is, at any time following acquisition by the Issuer, no longer rated by at least one internationally recognised credit rating agency as below Investment Grade it will not, as a result of such change in rating, fall outside this definition) or which is a high yielding debt security, in each case as determined by the Collateral Manager, excluding any debt security which is secured directly on, or represents the ownership of, a pool of consumer receivables, auto loans, auto leases, equipment leases, home or commercial mortgages, corporate debt or sovereign debt obligations or similar assets, including, without limitation, collateralised bond obligations, collateralised loan obligations or any similar security.

High Yield Bond means a corporate debt security which is rated below investment grade.

Examples of High Yield Bond in a sentence

Federated Hermes High Yield Trust Federated Hermes Opportunistic High Yield Bond Fund Federated Hermes Income Securities Trust Federated Hermes Fund for U.S. Government Securities Federated Hermes Floating Rate Strategic Income Fund Federated Hermes International Series, Inc.
Federated Hermes High Yield Trust Federated Hermes Opportunistic High Yield Bond Fund Federated Hermes Income Securities Trust Federated Hermes Fund for U.S. Government Securities Federated Hermes International Series, Inc.
Salomon Brothers Balanced Fund Salomon Brothers Cash Management Fund Salomon Brothers High Yield Bond Fund Salomon Brothers Institutional Money Market Fund Salomon Brothers Large Cap Growth Fund Salomon Brothers NY Municipal Money Mkt Fund Salomon Brothers Small Cap Growth Fund Salomon Brothers Strategic Bond Fund Salomon Brothers Short/Intermediate US Government Fund Salomon Brothers All Cap Value Fund Salomon Brothers Institutional Series Funds Inc.
Salomon Brothers Institutional High Yield Bond Fund Salomon Brothers Institutional Emerging Markets Debt Fund Salomon Brothers Variable Series Funds Inc.
RiverSource High Yield Bond A B C -- R2 R3 W RiverSource Income Series, Inc.

More Definitions of High Yield Bond

High Yield Bond. A publicly issued or privately placed debt security of a corporation or other entity (other than a Loan or Bond).

High Yield Bond means a debt security which, on acquisition by the Issuer, is either rated below investment grade by at least one internationally recognised credit rating agency (provided that, if such debt security is, at any time following acquisition by the Issuer, no longer rated by at least one internationally recognised credit rating agency as below investment grade it will not, as a result of such change in rating, fall outside this definition) or which is a high yielding debt security, in each case as determined by the Investment Manager.

High Yield Bond means a bond paying a higher level of interest but which has a lower credit rating than investment grade

High Yield Bond means a Collateral Obligation that is a debt security which, on acquisition by the Issuer, is a high yielding debt security as determined by the Collateral Manager, excluding any debt security which is secured directly on, or represents the ownership of, a pool of consumer receivables, auto loans, auto leases, equipment leases, home or commercial mortgages, corporate debt or sovereign debt obligations or similar assets, including, without limitation, collateralised bond obligations, collateralised loan obligations or any similar security.

High Yield Bond. A high yield debt obligation of corporations, partnerships or other entities that is unrated or rated below Investment Grade.

High Yield Bond means a corporate debt security which, at the time it is acquired by the Issuer, has an S&P Rating of below "BBB-" and a Moody's Rating below "Baa3".

High Yield Bond means a corporate debt security which is rated below investment grade.Highest Ranking Class" means, on any date of determination, the Class of Secured Notes (other than the Class X Notes) that is rated by S&P and does not have a Priority Class.