A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006.

Recent entries:
“Chefs are hard-working, talented artists. And we all turn their best efforts into shit” (4/18)
“Want to stop drunk drivers from killing sober drivers? Ban sober drivers. That’s gun control” (4/18)
“We are all a little broken. But last time I checked, broken crayons still color the same” (4/18)
“Broken crayons still color” (4/18)
“Sometimes we’re tested, not to show our weakness, but to discover our strength” (4/18)
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Entry from February 23, 2011
Angel Bond

Investopedia defines an “angel bond” as a bond that has a lower interest rate because of the issuing company’s high credit rating. “Angel bonds” are said to be the opposite of “fallen angels”—formerly solid companies ("angels") that have dropped ("fallen") precipitously in price.

Citations for “angel bond” have been very rare and mainly quote the Investopedia definition (from 2010). It is not possible to say when “angel bond” was coined, or even that it is a legitimate term, because of the lack of legitimate citations.


Investopedia
What Does Angel Bond Mean?
Investment-grade bonds that pay a lower interest rate because of the issuing company’s high credit rating. Angel bonds are the opposite of fallen angels, which are bonds that have been given a “junk” rating, and are therefore much more risky. 

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New York CityBanking/Finance/Insurance • (0) Comments • Wednesday, February 23, 2011 • Permalink