junk-bond-lubricated

English translation: the "deal frenzy" was exacerbated (oiled) by speculators going with junk bonds

13:22 Sep 18, 2006
English language (monolingual) [PRO]
Bus/Financial - Management / merger
English term or phrase: junk-bond-lubricated
reffering to waves of bad deal making...

It happened again during the junk-bond-lubricated deal frenzy of the 1980s, and again in the dot-com bubble at the new millenium.
alen botica
Local time: 23:35
Selected answer:the "deal frenzy" was exacerbated (oiled) by speculators going with junk bonds
Explanation:
A junk bond (or high-yield bond) is one with a credit rating of BB or lower and that carries higher risk of interest or principal default than better rated investment grade bonds. Junk bonds are issued in leveraged buyouts and other takeovers by companies without long track records of sales and earnings, or by those with questionable credit strength.
www.trader-soft.com/option-trading/option-glossary/jk.html

A high-yield corporate bond issue with a below-investment rating that became a growing source of corporate funding in the 1980s.
www.business.gov/phases/launching/are_you_ready/glossary.ht...

A bond with a speculative credit rating of BB (S&P) or Ba (Moody's) or lower. Junk or high-yield bonds offer investors higher yields than bonds of financially sound companies. Two agencies, Standard & Poor' s and Moody's Investor Services, provide the rating systems for companies' credit.
www.equanto.com/glossary/j.html

--------------------------------------------------
Note added at 10 mins (2006-09-18 13:33:07 GMT)
--------------------------------------------------

"lubricated" means "fed" or "spurred on" in this case

--------------------------------------------------
Note added at 11 mins (2006-09-18 13:34:39 GMT)
--------------------------------------------------

i.e. the original "frenzy" got even crazier dure to speculation in junk bonds

--------------------------------------------------
Note added at 12 mins (2006-09-18 13:34:59 GMT)
--------------------------------------------------

should read "due to"
Selected response from:

David Hollywood
Local time: 18:35
Grading comment
thx
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
4 +8the "deal frenzy" was exacerbated (oiled) by speculators going with junk bonds
David Hollywood


  

Answers


6 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +8
the "deal frenzy" was exacerbated (oiled) by speculators going with junk bonds


Explanation:
A junk bond (or high-yield bond) is one with a credit rating of BB or lower and that carries higher risk of interest or principal default than better rated investment grade bonds. Junk bonds are issued in leveraged buyouts and other takeovers by companies without long track records of sales and earnings, or by those with questionable credit strength.
www.trader-soft.com/option-trading/option-glossary/jk.html

A high-yield corporate bond issue with a below-investment rating that became a growing source of corporate funding in the 1980s.
www.business.gov/phases/launching/are_you_ready/glossary.ht...

A bond with a speculative credit rating of BB (S&P) or Ba (Moody's) or lower. Junk or high-yield bonds offer investors higher yields than bonds of financially sound companies. Two agencies, Standard & Poor' s and Moody's Investor Services, provide the rating systems for companies' credit.
www.equanto.com/glossary/j.html

--------------------------------------------------
Note added at 10 mins (2006-09-18 13:33:07 GMT)
--------------------------------------------------

"lubricated" means "fed" or "spurred on" in this case

--------------------------------------------------
Note added at 11 mins (2006-09-18 13:34:39 GMT)
--------------------------------------------------

i.e. the original "frenzy" got even crazier dure to speculation in junk bonds

--------------------------------------------------
Note added at 12 mins (2006-09-18 13:34:59 GMT)
--------------------------------------------------

should read "due to"

David Hollywood
Local time: 18:35
Native speaker of: Native in EnglishEnglish
PRO pts in category: 8
Grading comment
thx

Peer comments on this answer (and responses from the answerer)
agree  Marian Greenfield
2 mins
  -> thanks Marian and appreciated your help on my question the other day :)

agree  Tatiana Nero (X)
3 mins
  -> thanks Tatiana :)

agree  Alison Jenner
11 mins
  -> thanks Alison :)

agree  Alexander Demyanov
12 mins
  -> thanks Alexander :)

agree  Robert Fox
20 mins
  -> thanks Robert :)

agree  Alfa Trans (X)
51 mins
  -> thanks Marju :)

agree  MikeGarcia: Michael "Mike" Milken being the brain behind the creation of these instruments, at Drexel, Burnham, Lambert until his downfall....Now he's retired, with "only" half a billion dollars net worth, the rest he had to pay as fines imposed by the SEC/Courts...
1 hr
  -> thanks Miguel and nice background :)

agree  Alexandra Tussing
12 hrs
  -> thanks Alexandra :)
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.


See also:

Your current localization setting

English

Select a language

Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search