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 ?
Three Angelic clearings/attunements from 30 Archangels
He invites the reader to examine the scriptures in light of these modern day testimonies of angelic ministry.
CHANGE OF PACE Above, drummer Decca with John Leslie from Warm Zone; right, with Angelic Upstarts singer Mensi, back in 1979
Thus demoted, angelic faculties might have lost some of their fascination, but, in fact, once angelic knowledge was redefined as "experimental," speculations about angelic phenomenology acquired new importance, offering a way to think about technologically enhanced perception and the future of human knowledge more generally.
FRIENDS Jen signs her name for film fans BARING SOLE Jen's tattoo tribute to pet RAUNCHY Jen slipped into a tight leather dress ANGELIC Jen looks stunning in Valentino number last night
ANGELIC VOICES North East school pupils rehearse for their annual Christmas carol service at Westfield School, Gosforth
With the recognition of Michaelmas, the Christian Orthodox Church also imposed the idea of the appearance of the nine angelic religious orders in the Day of the Judgment, called also the Eight Day.
Colet's own conception of angelic hierarchy is influenced by Ficino's observations on Dionysius, yet Colet departs from Ficino's unrestrained praise of human nature, and he also appears to have been influenced by St.
Rami Shapiro; THE ANGELIC WAY: ANGELS THROUGH THE AGES AND THEIR MEANING FOR US; BlueBridge (Religion) $15.
The Angelic Way: Angels Through the Ages and Their Meaning For Us" is a discussion of the history of angels and what they mean to civilization throughout the centuries.
But fans of her Almost Angelic singing duo from her own TV show shouldn't expect more camp cabaret classics.
you make these days of angelic life on the whole, and in particular, of