Glossary

Glossary

Term Book Chapter Definition
Interest Accrual Angel Investing: Convertible Notes Chapter 1: Introduction to Convertible NotesConvertible notes are a type of debt instrument that combines features of both debt and equity. They are commonly used in startup financing and can be an attractive option for investors due to their flexibility Like traditional debt, convertible notes may accrue interest until they are paid off or converted. The interest rate is usually fixed and specified in the note.