CONGLOMERATE Definition

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CONGLOMERATE is a group of diverse companies under common ownership and run as a single organization.

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LONG-TERM INVESTMENTS represents the investments a company intends to hold for over a one year period. For example: real estate, cash, stocks and bonds..

INVESTMENT GRADE, in securities, is a high credit rating indicating bonds generally considered to have the strongest possi­bility of paying interest and repaying principal when due. Standard & Poor's Corporation considers invest­ment grade bonds to be those it rates from AAA through BBB. Moody's considers investment grade to be from AAA to Baa3. Below investment grade bonds also are known as high yield or junk bonds. The NAIC designates investment grade bonds with the numerical rating of "I" or "2".

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