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Low Grade

   Also found in: Dictionary/thesaurus, Legal 0.02 sec.
Low grade
A bond with a rating of B or lower.

High-Yield Bond
A bond with a low rating. Bonds rated less than Baa3 by Moody's or BBB- by S&P or Fitch are considered high-yield bonds. They have higher yields because they have a higher risk of default on the part of the issuer. High-yield bonds are considered sufficiently high-risk that the law does not allow banks to invest in them. They are also called low-grade bonds, and, informally, junk bonds.


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Just try to keep in mind that your aim in your explanation in the admission essay or MBA essay is not to make excuses nor create tall tales to cover the fact that you have a low grade in one or two subject areas.
The general average jar of coffee which you buy in supermarkets is made using a mixture of beans using low grade Brazilian coffee beans and Robusta beans.
 
 
 
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