Convertible

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Related to Cabriolets: convertible

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 ?
This is the remarkable result of a poll just conducted by Audi, which has increased the number of cabriolet cars it offers to meet demand.
And thanks to an insulating filler layer between the exterior layer and roofliner of the hood this cabriolet is one of the quietest on the market.
The growing popularity in recent years of coupe cabriolets such as the Focus CC, Astra Twin Top and Peugeot 308CC has made them a much more common sight on our roads and on the forecourt," he added.
The average cost of a new coup cabriolet, in January, 2011, was pounds 21,999 compared to an average of pounds 22,941 a year before.
With the new Cabriolet we are finalising our E-Class family with yet another appealing model," said Dr Ulf Ausprung, general manager.
Iconic Bug The cute and distinctive shape of the Beetle has created a cult following and the Beetle Cabriolet, launched in 2003, is no different.
But if the pounds 30,000 price tag for the SLK-Class roadster is too hefty, you could go for Peugeot's 206 Coupe Cabriolet (see our road tests, right).
Thanks to the Audi A3 hood's compact folding design its engineers were able to create a four-seater measuring just 4,238 millimetres long, 1,765 mm wide and 1,424 mm high, which makes the Cabriolet shorter than the A3 Sportback although it is longer than the three-door A3 hatchback.
15 /PRNewswire/ -- The all new 2011E-Class Cabriolet is the latest addition to the successful Mercedes-Benz E-Class line-up.
6% rise in the numbers of cabriolets sold by the company in July, compared with the previous year.
Because of the oversized doors in all cabriolets it's often awkward to reach behind you to get the seatbelt, but on this model electric arms push the belt towards you so you don't have to struggle.
The body of the Carrera 4 Cabriolets is slightly wider than that of the rear-driveonly 911 Cabriolet and has a triple-layer hood that goes up and down in 20 seconds - even with the vehicle travelling at speeds of up to 30 mph.