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Show Term Originated With Lloyd's. The term "A 1," a slang phrase popularly used to denote a high quality qual-ity of excellence or a condition perfectly per-fectly satisfactory, originated with Lloyd's agency in London. When a ship was being insured the rating "A 1" was placed opposite the name of the vessel to indicate absolute seaworthiness. sea-worthiness. The leading American financial fi-nancial reporting systems' adopted the symbols, with variations, to indicate a business man's credit rating and capital. |