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 ?
However, within this circle, we have realized that the above two enhanced ecological and antagonist relationships take place everywhere; both ferocity / depredation and angelically / protection do coexist, but at different mixes and levels, also at different balances and at different life circumstances and life forms and life representations, although any relationship is always concerning the other (Lopez Alonso, 2006).
It also seemed angelically wrong, but beautifully so, that these colors glowed.
The blackbird Angelically sang in the bare apple tree opening his orange bill In the watery air, or chased his heavy ladies on the lawn.
In the world of didactic fiction, characters are either angelically suffering or devilishly cruel children -- either Evas or Topsies -- and it is no surprise that in humorous social fiction, by and large, the Topsies prevail.
Upon being angelically sprung, they took to the streets to preach the gospel again, and to be rearrested.
Driven by the pragmatics of our circumstances as we are, only the most angelically rational can avoid using a particular belief, or belief set, in one situation and another, contradictory, in a different situation.
The Mexican-Americans are all either angelically kind or diabolically evil.
a new company that is dedicated to making snacks that are the best of both worlds: devilishly delicious and angelically endorsed, has declared itself as the Official Snack of the 2004 election.
So, his handlers should come to his rescue by asking for less simplistic and more believable resolutions to the problems that he too angelically helps to solve.
Whisper of how I'm yearning To Look Homeward, Angelically.