Angel


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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 periodicals archive ?
The loss ends a frustrating time for the Angels, who many thought would qualify for the postseason for the third year in a row and contend for a World Series title, especially with a $103 million payroll.
They also serve as deliverers of death and destruction upon occasion, so it's not always good news when you see an angel standing in the road with a sword in his hand.
If you like to draw or paint, perhaps you'd like to continue the angel project begun at the festival.
Harkness's study is distinguished by its thesis that the angel conversations were, in fact, part of Dee's "intellectual undertaking.
They were only to cry out to God, and God would in turn send the right angel to speak to them in a language they would recognize, one who have been divinely trained and was ready to deliver.
Thomas explains also why each and every person, including Adam and Christ, has an angel appointed to guard him, although in the case of Christ he says that "it was right that he should have not a guardian angel superior to him, but a ministering angel inferior to him.
Among the TV channels currently available in Canada via Sky Angel IPTV are Sky Angel's kids and teens channel KTV; Christian music video channel TVU; Trinity Broadcasting Network's full suite of channels TBN, JCTV, Smile of a Child, The Church Channel and TBN Enlace; plus Safe TV, Familyland, Faith TV, Angel One and more.
Who knew that the Orangey part of Los Angeles the renegade-red Angels call home could be so much different -- and apparently better -- than the ravine where the blue-blooded Dodgers have been squatting all these years?
com) was a family-owned Indiana business for 16 years before angel investor William G.
From a fresco of Raphael's to a contemporary painting, Angel in the Night by Felice Casorati, painted about 1961, depicting a guardian angel with widespread dark blue comforting wings bent over a troubled sleeping figure, we are reminded of angels who touch our lives.
The sixth angel pulled open his clothes, which were red, and fire that "skarsly of mans eye can be beholden" burst from his sides.