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AngelAn investment-grade bond. Antithesis to fallen angel. In the context of venture capital, the first investor.AngelA provider of venture capital, usually used in relation to backers of theatrical productions.Angels put up capital to get a show into production, and in return they get 'units'. If the show is successful, they get their capital repaid, and earn a share of profits in proportion to the number of units they own. If the show is unsuccessful, they lose the lot.Similar MatchesFallen angelsFallen angelsBonds that at the time of issue were considered investment grade but that have dropped below that rating over time. AngelsAngelsIndividuals providing venture capital. Angel investorAngel investorA private individual (someone who is not affiliated with a venture capital or investment firm) who invests money (and often time as well) in promising entrepreneurial ventures. Fallen angelFallen angelA bond which was issued at a rating of AAA to BBB (investment grade) which has since fallen in rating to BB or below. |
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