fallen angel Hear it!

fallen angel Finance Definition
A bond that was investment-grade quality when it was issued but which has been reduced to junk, or non-
investment grade, status. These bonds become fallen angels because the company has added too much debt or because sales have fallen drastically and no longer enable the company to sufficiently cover its interest payments.

Browse dictionary entries near fallen angel

  1. ‹ fallen
  2. ‹ fallback modem
  3. ‹ fallback
  4. ‹ fallacy
  5. ‹ fallacious
  6. ‹ Falla
  7. ‹ fall to
  8. ‹ fall short
  9. ‹ Fall River
  10. ‹ fall out
  1. faller ›
  2. fallfish ›
  3. fallibility ›
  4. fallible ›
  5. falling ›
  6. falling-out ›
  7. falling sickness ›
  8. falling star ›
  9. falloff ›
  10. fallopian tube ›