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单词 fallen angel
释义

fallen angel


fallen angel

1. An angel who has rebelled against God and has been subsequently cast out of heaven. The Bible describes Lucifer as having become a fallen angel after he desired to become God rather than be a servant of God.2. In finance, a stock or bond that has drastically declined in value. Try to avoid investing in fallen angels—they may have been highly priced once, but they will never return to their original value.3. A company or organization that was previously successful but is currently failing. The high school's debate team was this year's fallen angel, losing all of their competitions after being dominant last year.See also: angel, fallen

a fallen angel

1. If someone is a fallen angel, they were once well-behaved, but are now badly-behaved. She went from shy posh girl to fallen angel, before going all the way to tragic heroine.2. If a company or a sports team is a fallen angel, they were once successful, but are now unsuccessful. The firm was a fallen angel that halved in value but has since recovered.See also: angel, fallen

fallen angel


Fallen Angel

1. A junk bond that was once investment-grade.

2. A stock that has fallen steeply in price from its previous high.

In both cases, fallen angels may be undervalued, value investments or bad investments nearing bankruptcy. This makes investing in a fallen angel very risky but it has the possibility of a high return.

fallen angel

A once-popular security that has lost investor favor and has declined in value. For example, a high-growth company may hit a period of heavy competition or saturated markets such that its stock declines in price and becomes a fallen angel.

Fallen angel.

Corporate or municipal bonds that were investment-grade when they were issued but have been downgraded are called fallen angels. Bonds are downgraded by a rating service, such as Moody's Investors Service or Standard & Poor's (S&P).

Down-grading may occur if the issuer's financial situation weakens, or if the rating service anticipates financial problems that could lead to default.

The term fallen angel is sometimes used more generically, to refer to stocks or other securities that are out of favor with investors.

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