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 Angelic Way probably wont draw many devout or even moderate religious believers.
Angelic Creations was set up eight years ago by Ms Atherton, who trained as a graphic designer and printmaker at Liverpool John Moores University.
Robin Briggs's superb chapter, "Dubious Messengers: Bodin's Daemon, the Spirit World and the Sadducees," details several cases of authors who used, not claims of angelic visitations, but rather the evidence of witches and demoniacs to prove the real existence of the spirit world against materialist challenges.
Williams, and Renae Taylor, The Book of Angels is a celebration of angelic beings as remembered in mythology, Biblical scripture, and historic visions.
Wisdom Teacher Sri Ram Kaa and Angelic Oracle Kira Raa
As for the angelic voices "ever singing", there are people who will tell you that they have heard snatches of such angelic music.
Produced by Chicago's John McEntire (who's brought a cool edge to records by Stereolab and other bands), Red kicks off with "Yellowcake," an ethereal lullaby laid on beauteous pillows of brisk percussion, flowing guitars, and angelic crooning.
Is it too early for Kurt Warner to take the goofy kid under his angelic wing and impart a little Cardinal knowledge?
Yodd, the Whale Caller's unseen confessor; and Saluni's friends the "Bored Twins," nine-year-old girls with angelic voices and a sadistic streak that seems to strengthen over time.
Both their voices seem to have broken but they still hit upon angelic tones in songs such as The Build Up and Homesick.
While she makes custom candles--actually pouring the hot wax on-site--that's just one of many pretty-smelly, good-looking items for sale at Angelic Candles, Flowers and Gifts in Little Rock.
144) Baernstein uses the Angelic convent of San Paolo as a platform from which to view striking changes in the social and religious landscape, such as elite formation in Spanish Milan and the arc of Catholic reform before and after Trent.