Class B refers to a category of vehicles that are designed for specific uses, typically including larger trucks and buses. In many regions, a Class B license is required to operate these vehicles, which often have a gross vehicle weight rating (GVWR) exceeding 26,000 pounds. This classification ensures that drivers have the necessary skills and knowledge to handle larger, heavier vehicles safely.
In addition to vehicles, the term "Class B" can also apply to certain types of securities, such as Class B shares, which often have different voting rights compared to Class A shares. This classification helps investors understand the rights and privileges associated with their investments.