Crossover Credit

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Definition: Crossover Credit

Crossover Credit
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Full Definition of Crossover Credit

A bond that has been assigned a split rating by two rating agencies that places it on the cusp between being an investment grade and non-investment grade. Although crossover credits usually trade at higher yields than investment grade bonds, they are considered to be riskier investments which precludes most banks and institutions from owning them.

Cite Term

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https://payrollheaven.com/define/crossover-credit/
Modern Language Association (MLA):
Crossover Credit. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 23, 2024 https://payrollheaven.com/define/crossover-credit/.
Chicago Manual of Style (CMS):
Crossover Credit. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/crossover-credit/ (accessed: April 23, 2024).
American Psychological Association (APA):
Crossover Credit. PayrollHeaven.com. Retrieved April 23, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/crossover-credit/

Definition Sources

Definitions for Crossover Credit are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.