Angels


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Related to Angels: Guardian Angels, archangels

Angels

Individuals providing venture capital.

Angel

1. Informal for angel investor, which is a high net worth individual who provides financing to a start-up, either in exchange for convertible debt or equity. Among start-ups, they are thought of as a bridge between loans from family and friends and venture capital, though angels are themselves often personally connected to the business. Angels take on a great deal of risk when they invest in these start-ups; they are also subject to dilution at the start-up's IPO. Therefore, they usually require a high rate of return in exchange for their financing.

2. Informal for investment-grade, which describes a bond with a medium or high rating. Angel bonds are rated Baa3 by Moody's or BBB- by S&P or Fitch. Angel bonds are considered sufficiently low-risk that the law allows banks to invest in them. In addition to being low-risk, they provide a low return, greatly reducing the cost on the issuer. All Treasury and most municipal bonds are angel bonds.
References in classic literature ?
It swept along, thick and solid, five hundred thousand angels abreast, and every angel carrying a torch and singing - the whirring thunder of the wings made a body's head ache.
After some more talk about this, I says: "Sandy, I notice that I hardly ever see a white angel; where I run across one white angel, I strike as many as a hundred million copper-colored ones - people that can't speak English.
I remembered all that Christine had told me of the Angel of Music.
said the Angel of the Odd, apparently much softened at my distress; "mein Gott, te man is eder ferry dronk or ferry zorry.
Hereupon the Angel of the Odd replenished my goblet (which was about a third full of Port) with a colorless fluid that he poured from one of his hand bottles.
The considerate kindness of the Angel mollified me in no little measure; and, aided by the water with which he diluted my Port more than once, I at length regained sufficient temper to listen to his very extraordinary discourse.
Hosmer Angel, and keeps off other lovers by making love himself.
Angel began to call, for it was obvious that the matter should be pushed as far as it would go if a real effect were to be produced.
Hosmer Angel must have some strong object for his curious conduct, and it was equally clear that the only man who really profited by the incident, as far as we could see, was the stepfather.
And if Angel were not going to enter the Church, what was the use of sending him to Cambridge?
No, father; I cannot underwrite Article Four (leave alone the rest), taking it 'in the literal and grammatical sense' as required by the Declaration; and, therefore, I can't be a parson in the present state of affairs," said Angel.
His father grieved so deeply that it made Angel quite ill to see him.