combination security

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Combination Security

Any complex security that includes features of two or more basic securities. One of the most common combination securities is a convertible bond, which is a bond that may be exchanged for common stock. In other words, a convertible bond combines features of bonds (with a fixed return and repayment at maturity) with features of stocks (with equity in the issuing company and the possibility of a high return).

combination security

A security that combines the attributes of two or more individual securities. An example of a combination security is a convertible bond that is part debt and part common stock.
References in periodicals archive ?
To stay current, CPAs must understand macro-and microeconomics, modern portfolio theory, capital market theory, investment management, equity securities, securities analysis, options, futures and combination securities, fixed-income securities, investment policy development, manager and mutual fund selection, performance monitoring and asset allocation, in addition to tax planning, estate planning, retirement planning and risk management.
14,700,000 (original stated balance) class L combination securities affirmed at 'Csf'.
14,700,000 class L combination securities affirmed at 'Csf'.
6,000,000 class Q combination securities upgraded to 'Asf' from 'BB+sf'; Outlook Stable.
19,019,957 class K combination securities rated 'Bsf' are PIF;
As part of this rating action, Fitch reviewed 220 classes, including three combination securities from 37 DSF CDOs.
The class C, class D-1 and class D-2 notes and the combination securities are rated to ultimate receipt of interest and will continue to defer interest payments until maturity, at which point they are expected to default.
The rating of the class K combination securities addresses the likelihood that investors will receive the stated balance of principal by the final maturity date.
6,309,450 combination securities downgraded to 'CCC' from 'BB-'.
6,085,438 combination securities affirmed at 'CCC' and removed from Watch Negative.
class 2 combination securities addresses the ultimate payment of principal, and the ultimate payment of interest at a rate of 4% by the stated maturity date.