Such securities once had gilded edges. High-grade bond, known to pay its obligations on time and in full. Issued by a stable firm with a long record of consistent earnings, or a national (federal) government. Also refer to treasuries.
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Such securities once had gilded edges. High-grade bond, known to pay its obligations on time and in full. Issued by a stable firm with a long record of consistent earnings, or a national (federal) government. Also refer to treasuries.
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