Angel

(redirected from angelic)
Also found in: Dictionary, Thesaurus, Medical, Legal, Idioms, Encyclopedia, Wikipedia.

Angel

An investment-grade bond. Antithesis to fallen angel. In the context of venture capital, the first investor.

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 ?
Kasatsky belonged to those men of the eighteen-forties (they are now no longer to be found) who while deliberately and without any conscientious scruples condoning impurity in themselves, required ideal and angelic purity in their women, regarded all unmarried women of their circle as possessed of such purity, and treated them accordingly.
His disillusionment with Mary, whom he had thought of angelic purity, and his sense of injury, were so strong that they brought him to despair, and the despair led him--to what?
Very sweet and angelic of you," said Stephen, looking at her with an admiring smile; "and all the more so if she has the conversational qualities of her mother.
Vendor questions will be accepted until October 5, 2015 at 12:00 PM (Pacific time) to Angelic Davis at 951-413-3117, email at angelicd@moval.
Angelic Real Estate and CGA Capital have completed a $21.
Goldream is one of those classy handicappers who could easily take the step up in class in his stride, but the bookmakers think the same so I will sit this race out and have a few quid on Angelic Upstart in the opening Makfi Suffolk Stakes (2.
April 24, 2015 /PRNewswire/ -- SC Johnson has acquired the ACI Insecticides, Angelic Air Care and Vanish Toilet Cleaner brands from ACI Limited in Bangladesh.
Summary: Lebanon-based designer Ahmad al-Fazairy launched his spring-summer 2015 collection, which largely consisted of innocent and angelic looks.
com)-- Sonia Angelica Abarca Angel is the founder and owner of Angelic Contact/Contacto Angelical, a Spiritual Communication group.
After millennia of celestial quarantine from Lucifer's angelic revolt, Earth and the rebel angels here are being welcomed back into the Multiverse.
Rather than the expected shepherds and magi carrying a lamb and golden gifts, these folks wearing olive laurels fix their eyes on Jesus while their angelic companions carry olive branches.