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Why do we need an EGR valve to recirculate exhaust gases that have already gone through combustion back into the combustion chamber?
Bond Rating
An assessment or grade given to bonds that indicates their credit quality and the likelihood of the issuer defaulting.
Investment Grade
A rating that indicates a municipal or corporate bond has a relatively low risk of default, making it an attractive investment option for risk-averse investors.
Yield to Call
The yield of a bond or note if you were to buy and hold the security until the call date.
Call Premium
The amount above the par value a bondholder receives if the issuer redeems a bond before its maturity date.
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