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 ?
It also links potential angels with others who may be angelically inclined.
One couldn't really see Gwyneth Paltrow, who made an angelically sparkling entrance through the paparazzi, wearing one of the outfits, even at an awards show.
These are typically solipsistic, romantic dreamers who clearly have no connection with their world or their region whatsoever, and--often simultaneously--self-described topical realists whose angelically conceived political theories become mere cliches which isolate them from the real.
Matty's story, the story of a hideous and unbearably pious simpleton, is reflected symmetrically in the story of the angelically beautiful but cynically evil twins Toni and especially Sophy, the organizers of the attempted abduction.
As Margherita/Helen of Troy, Nelly Miricioiu, though not ideally cast vocally, sang angelically and was very moving as Margherita.
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.
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.
Conquer continues with the Rex Rideout-(Ledisi) produced "It Is What It Is" which was written by hip-hop legend Heavy D and showcases Thomas' effortless ability to ride rhythms and skillfully ad-lib all at once; the romantic wedding ballad "I Do" which was written by Thomas and produced by The Internz (Justin Bieber) conveys the groom's point of view as he watches his gorgeous bride walk down the aisle; and the Mario Winans-produced "It Ain't Fair" whose production style works in perfect tandem with Thomas' subtle yet urgent delivery as he continues his grown-man flirts and adulation of a angelically beautiful woman.