zombie bonds

 Bonds that were thought to be valueless (dead) for which trading resumes. The term was first attributed to traders at Goldman Sachs, a large New York investment company.
 ► “Highly speculative bonds called ‘zombie bonds’ have run up in recent weeks, though they pose a risk to investors.” (Wall Street Journal, Feb. 27, 1995, p. C2)

American business jargon. 2014.

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