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junk

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junk

a sailing vessel used in Chinese waters and characterized by a very high poop, flat bottom, and square sails supported by battens
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005

What does it mean when you dream about junk?

Junk symbolizes things that need to be let go of and discarded. In a dream, junk can also indicate rejected parts of the self that need to be reappropriated.

The Dream Encyclopedia, Second Edition © 2009 Visible Ink Press®. All rights reserved.

spam

(1) See Web spam and spam phone call.

(2) Email that is not requested. Also called "junk email," "gray mail," "unsolicited commercial email" (UCE) and "unsolicited bulk email" (UBE), the term is both a noun (the email message) and a verb (to send it). Spam is used to advertise products or to broadcast political or social commentary.

The term was coined from a Monty Python comedy sketch (see image below). Spam is also known to mean "sales promotional advertising mail" or "simultaneously posted advertising message."

A Social Plague
Like viruses, spam is a scourge on the Internet as billions of unwanted messages are transmitted daily. Unfortunately, as an advertising medium, spam produces results (see "Why Do They Do It" below). In order to reduce spam for their customers, ISPs have added many servers that do only filtering (see spam filter and spam account). Unsolicited phone calls are another form of spam and perhaps even more of a nuisance (see robocall).

On January 1, 2004, the CAN-SPAM act became law in the U.S., which provides severe penalties for spammers, if they can be located (see CAN-SPAM). See image spam, SPIM, SPIT, mobile phone spam, form spam, mail bomb, Joe Job, SPF, letter bomb, spamdexing, Blacklist of Internet Advertisers, munging, RBL, ROKSO, MAPS, spam relay, spam trap, botnet, rogue site and opt-in.

Why Do They Do It?



Simple math. Suppose that out of 4,000 spam messages, one person buys something, and the spammer makes a dollar. If two million spams were sent that day, the spammer made $500, and the job took a half hour to set up. A few hours per week could yield $100,000 annually... enough incentive for techie teenagers? Of course, consistent revenue is not guaranteed, but there is ample motivation.

Filters Create Even More Spam
As spam filtering becomes more sophisticated, spammers send even more email to make the same profit. Email address lists can be hijacked or purchased for very little. There is a thriving business selling lists to spammers as well as lists of compromised computers (see zombie). There are even spam service providers that will do all the work (gotta love that entrepreneurial spirit!).

Easy to Rationalize
Spammers justify their existence by citing the huge amount of junk mail sent via the postal system, wasting trees and other resources. They also claim advertisers have been polluting the environment with radio, TV and billboard ads for decades. Nevertheless, a standard for authenticating email could eliminate most spam. Unfortunately, that is a huge project to implement worldwide (see email authentication).


From the Horse's Mouth
This 2004 book was written by a spammer, known only to readers as "Spammer-X." For insights into the minds of real people who spam for a living and how they do it, read "Inside the SPAM Cartel."






The Derivation of the Word
In 1970, a Monty Python sketch depicted a restaurant that included Hormel's spiced meat in every dish. In England in World War II, SPAM was always available while other foods were rationed. Spelled upper case, SPAM is Hormel's trademark.
Copyright © 1981-2025 by The Computer Language Company Inc. All Rights reserved. THIS DEFINITION IS FOR PERSONAL USE ONLY. All other reproduction is strictly prohibited without permission from the publisher.
The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Junk

 

a wooden cargo sailboat with two to four masts, used for navigating the rivers and seacoasts of Southeast Asia. During the era of sailing ships, junks were used for military purposes; today they are used for transporting cargo, frequently also serving as dwellings. Junks have a shallow draft and a cargo capacity of up to 600 tons. Other characteristics include a very broad, almost rectangular, upraised prow and stern and quadrangular sails made of mats and bamboo poles.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
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References in periodicals archive
Yields on high-yield bonds soared, because bonds with shaky credit ratings looked as appetizing as the dollar menu at a greasy spoon in the Great Meltdown.
If stock and bond returns generally move together, estimates of [[beta].sub.1] should be positive, given that the final two variables, [RBIND.sub.it] and [RBIND.sub.it-1], control for the impact of movement in the high-yield bond market.
Chicago: Fitch Ratings said the US institutional leveraged loan market narrowly surpassed that of high-yield bonds for the first time since 2008.
The LevFin Insights team consists of Christopher Donnelly, Matthew Fuller, and Kerry Kantin, who together covered leveraged loans and high-yield bonds for S&P global's leveraged commentary & data unit; Robert Polenberg, who headed LCD's team of data professionals; and Marc Auerbach, who ran LCD's sales and customer support effort.
Summary: High-yield bond issuance in Europe, the Middle East and Africa (EMEA) outpaced that in the US for the last two years
economy has struggled to recover from the 2008 financial crisis, the high-yield bond market has thrived, both in the amount of new capital issuers have raised and returns to investors.
Top High-Yield Mutual Bond Funds * 3-Year 5-Year Expense Return Return Fund Name (Ticker) Ratio (1) (1) Neuberger Berman High Inc Bond Inv (NBHIX) 1.00% 7.68% 5.38% Columbia High-Yield (CMHYX) 0.77 5.86 4.46 TIAA-CREF High-Yield Bond (TCHYX) 0.34 5.52 N/A Westcore Flexible Income (WTLTX) 0.85 5.35 4.03 T.
By way of clarification, Glenn Yago, director of capital studies for the Milken Institute and the author of Junk Bonds: How High-Yield Securities Restructured Corporate America, told the magazine that "Japan desperately needs a high-yield bond market, and the timing for such a market seems good." Here, he is referring to the fact that the Japanese economy is something of a disaster.
Another test, however, strongly indicates that from the investor's standpoint, there is a sizable equity component in a nonconvertible high-yield bond. Correlation coefficients consistently show that straight noninvestment-grade bonds trade nearly as much like stocks as pure debt instruments.
The recapitalization plan that the company has chosen enables the public shareholders to receive $14 in cash, a high-yield bond worth $6, and one new share (the "stub") in the recapitalized entity valued at $14.
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