Convertible

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Convertible

A financial instrument that can be exchanged for another security or equity interest at a pre-agreed time and exchange ratio.

Convertible

A bond or preferred stock that may be exchanged for common stock in the company issuing the convertible at a certain ratio and/or a certain price. A convertible security gives the holder a great deal of flexibility. It reduces risk by guaranteeing a coupon payment or dividend while also allowing the holder to take advantage of a potential, larger return through the ability to convert the security. See also: Convertible option.

convertible

Convertible

A bond or preferred stock that may, under specified conditions, be exchanged for common stock or another security, usually of the same corporation.
References in periodicals archive ?
Thats all the more striking because the 6 cabrio is actually slightly longer overall than the E cabrio, at 192.
In the tail, the boot of this Cabrio version is 245-litres which is large for the soft top of this class.
Compared to its predecessors, the latest smart fortwo cabrio is something of a revelation to drive
What Citroen Racing hasn't supplied is a mechanical limited slip differential, so if you give the manual DS3 Cabrio Racing the beans off the line or out of a slow corner, you'll feel some torque steer through the steering wheel as the front tyres struggle for grip.
Like the award winning Citroen DS3, the Cabrio boasts bold styling, sophisticated refinement, extensive personalization and a thoroughly enjoyable driving experience; now with the pleasure of open air motoring, said the statement.
On the road the Cabrio rides well enough at higher speeds but becomes crashy over poor road surfaces in town, and tends to hop sideways when faced with mid-corner bumps.
Yet in all honesty, there are so many subtle design touches on the DS3 Cabrio that owners will probably still be discovering features months after driving the car from the showroom.
DS3 Cabrio leads the way for occupant space as the only five-seater in its class and features the biggest boot in the segment at 245-litres VDA.
The old shape BMW 3-Series cabrio is now Britain's best value four-seat drop-top, and a classic in the making.
Volkswagen has lifted the lid on the fastest-ever Golf Cabrio at the Worthersee GTI gathering in Austria.
I own a 1997 Larson Cabrio 290, and some of the paint chipped off the port side of the aluminum radar arch.
A) inked a deal to acquire the cabrio roof business of insolvent sector company Karmann, the two firms said yesterday.