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"Ab" is not a Swedish word. "AB", however, has two meanings:

1) Acronym for "aktiebolag", similar to "ltd." in English.

2) The second best grade in the grading system used in Swedish schools 1897/1905-1962.

(Source: Nationalencyklopedin, http://www.ne.se/lang/bety, password protected; Nordisk Familjebok, vol. 3, 1905, http://runeberg.org/nfbc/0110.html)

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