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 ?
Y si llevamos esta lectura a su maxima radicalidad, podriamos preguntarnos si el devenir catastrofico del mundo no es consecuencia del poder angelical, encabezado en el poder de Metatron, como venganza a Dios Creador, bendito Sea, por haber creado al hombre, olvidando por momentos su tarea de testimoniar su propia naturaleza: y alli encontrariamos la posibilidad de una revuelta angelical que haya traido como consecuencia el silencio o hasta la muerte de Dios.
"Operation of Angelical Investment' in OECD Countries: As Well As an Analysis on the Prospect of "Angelical Investment' in China".
Villena considers the Aeneid an inspired text, "angelical" as he writes in the preliminary letter, and the purpose of his adaptation is to make the poem accessible (via such mechanisms as divisions into chapters with headings and summaries, including an elaborate punctuation guide that copyists did not follow).
Los cuentos de la montana (1926) de Isaza son vinetas de la vida campesina; en sus relatos recrea personajes y actitudes tipicas del entorno que indirectamente deconstruyen la dualidad entre la mujer mala y la angelical que aparecen en su narrativa.
Puig's fifth novel, Pubis angelical, published in 1979, has not attracted the attention, let alone the critical acclaim, that greeted his earlier works, notably Boquitas pintadas (1969) and El beso de la mujer arana (1976).
His later books include Pubis angelical (1979; "Angelic Pubis") and Maldicion eterna a quien lea estas paginas (1980; Eternal Curse on the Reader of These Pages).
Heartbreak Tango, 1973); Publis Angelical (1979, tr.
First published in 1979, ManuelPuig's Pubis Angelical is an altogether bleaker novel than his better-known Kiss of the Spider Woman.