Investment-Grade Bond: Investment-grade refers to bonds with a Moody’s rating of Baa or higher, Standard & Poor's rating of BBB or higher … or both. Bonds with lower ratings are considered speculative grade. Many investors have policies that require them to limit their bond investments to investment-grade issues
Source: The Street
Inversion Merger: A strategy used by companies with overseas income to reduce their tax burden. A company may be re-incorporated overseas in a country with lower tax rates so as to bypass paying higher taxes on foreign generated income. As long as corporate inversion does not involve misrepresenting tax information or illegal activities to hide profits, it is not considered tax evasion.
Source: Investopedia
Institute for Supply Management™ (ISM): The first and largest supply management association in the world. Founded in 1915, its mission is to lead the supply management profession through its standards of excellence, research, promotional activities and education. The Non-Manufacturing ISM Report On Business® is published monthly by the association.
Source: ism.com
Investment-Grade Bond: Investment-grade refers to bonds with a Moody’s rating of Baa or higher, Standard & Poor’s rating of BBB or higher … or both. Bonds with lower ratings are considered speculative grade. Many investors have policies that require them to limit their bond investments to investment-grade issues.
Source: The Street
iPhone 5: As of September 2012, iPhone 5 is the latest model and major upgrade to the iPhone line. The screen is half an inch larger and the device is longer, slimmer and lighter. It supports LTE 4G cellular networks and employs a faster processor and graphics. Other improvements were made to the camera, earbuds and dock connector.
Source: PC Magazine