A bond that receives a high rating for its creditworthiness from leading credit rating agencies, such as Standard & Poor’s (S&P) or Moody's. Typically rated AAA or AA, high-grade bonds are considered low-risk investments that provide reliable returns.
Legal investment refers to safe and permissible investment options for investors who have fiduciary responsibilities to their clients or beneficiaries. These investments must meet specific legal standards, ensuring the safety and reliability of the investments.
