verb. to commit a difficult or seemingly impossible act with the utmost efficiency, achieving all goals with no personal loss, maintaining a cool, calm demeanor and topping it all off with class, a cheeky catchphrase and, if at all possible, the occasional explosion and some hot sex.
"are you sure you can pull this off? many have tried and failed."
"not only will i pull it off, i'm gonna James Bond it."
(FINANCE) originally, a bond rated as not investment grade by a credit rating agency (e.g., Standard & Poor, Ernst & Young, or Moody's).
Later, a bond was a financial instrument deliberately created to have absurdly high levels of risk (of default), which was then priced in and "hedged" by a fund manager. Junk bonds are routinely used to finance leveraged buyouts.
Michael Milken was the junk bond innovator who figured out how to make them an effective investment vehicle. Yes, he later went to jail for securities law violations.