Fallen angel

A bond which was investment-grade When issued but which is NOW of significantly lower quality.

Related Terms: 7 FICA, Grade, Low, NOW, Owe, Sue, When issued

Other Related Pages: Category: Bonds Starting With: F

Additional Related Terms: 10-Q, 52-week low, Accrual bond, Accrual of discount, Accumulation bond, Agency bond, American Municipal Bond Assurance Corporation, Amortization of premium, Assumed bond, Authority bond