Investment-grade bond
Investment-grade bond is a bond rated triple-B or higher; many banks and other institutional investors are permitted by law to hold only investment-grade bonds.
Definitions
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Investment-grade bonds. Bonds rated triple-B or higher; many banks and other institutional investors are permitted by law to hold only investment-grade bonds.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
