Examlex
Explain what grading means with respect to earthwork.
Premium Bonds
Government or corporate bonds that are sold at a price above their face value due to their high credit quality or favorable interest yield.
Discount Bonds
Bonds sold for less than their face value, offering investors the difference as profit upon maturity.
BBB Credit Rating
This is a credit score indicating that the borrower has a good credit standing, typically associated with medium-grade investment securities with a moderate risk of default.
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