Examlex
What is an advantage to archival research?
YTM
Yield to Maturity (YTM) is the total return anticipated on a bond if the bond is held until its maturity date, accounting for its current market price, interest payments, and time value.
AAA Credit Rating
The highest credit rating assigned to a borrower's debt instruments by credit rating agencies, indicating an extremely low risk of default.
A Credit Rating
This is an evaluation of the credit risk of a prospective debtor, predicting their ability to pay back the debt and an implicit forecast of the likelihood of the debtor defaulting.
Note
Unsecured debt, usually with a maturity under 10 years.
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