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 ?
The cabrio is as useful as it is stylish and roof open or shut it is a good looking car.
The Nuova Cinquecento debuted in the summer of 1957 as a cabrio and offered a distinctive canvas roof that opened right to the rear of the vehicle.
The E-Class Cabrio is available with a choice of three diesel and four petrol engines.
Like the Coupe, the Cabrio carries the latest generation DSC111 safety system, which incorporates traction control, electronic differential lock, anti-lock braking, corner braking control and emergency braking recognition.
I T was well past midnight and a deluge had left the Pennine foothills sparkling, the headlights picking out deep emerald circles as the Cabrio progressed sure-footedly along twisty, half-flooded roads.
The Cabrio makes its world debut at the Geneva Motor Show in early March and will go on sale in Britain officially at the start of June.
A VW Golf Cabriolet or a Ford Escort Cabrio are the most common and the Escort presents the cheaper buy of the two.
The Chrysler Sebring Cabrio delivers what no other cabrio on the road can: Chrysler's sleek and elegant design, fun-to-drive performance, fuel efficiency, a spacious interior that comfortably seats four adults and enough trunk room to hold two golf bags, even when the top is folded down.
There are plenty of second-hand A4 cabrios around, but as with the TT, it''s worth paying a visit to a dealer first, as Audi''s used approved scheme is brilliant and you can expect a well-maintained motor.
RENAULT has announced that - up until July 31 - the Megane Cabrio has been Ireland's best-selling convertible.
Obviously the usual used value indicators such as popularity, strong image and top build quality will always apply, but the bottom line is that a desirable cabrio will always be worth more and sell quickly.
Fortunately, there are still some 2002 Cabrios left at Volkswagen dealerships around the nation.