Convertible


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Related to Convertible: convertible bond, Convertible currency, Convertible debt, Convertible Securities, convertible tablet

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 ?
Horsepower is rated at 140 at 6,000 rpm in the 900S convertible and 160 at 5,500 rpm in the 900 Turbo Convertible, which for consumers, translates into ample passing power, instantaneous response, and dependable cruising strength.
Polk consultant Mark Pauze said convertible registrations typically are skewed toward large metropolitan areas and those with warm climates.
Traditional convertible debt is not subject to the CPDI; see Regs.
The current environment of falling interest rates could hardly be better for convertible arbitrage strategy.
Investing in a mutual fund is perhaps the easiest way to tap into the convertible market.
Regardless of whether the holders elect to have their Series A Convertible Preferred Stock redeemed or to convert their holdings into LoJack common stock, the outcome will be favorable to the company.
These include stock options, warrants, contingent shares and certain convertible securities.
Apollo Gold will have the option to force conversion of the convertible debentures under the following circumstances: (1) at any time after September 24, 2007 and prior to the maturity date if the 20-day weighted average trading price of Apollo Gold's common shares equals or exceeds U.
A number of high-tech and biotech companies, such as CuraGen, were rushing to the convertible market at the time, but those who were late getting their act together missed the boat.
Many issuers, especially new companies with unseasoned securities, are adding the convertible option to preferred stocks or bonds to make them more attractive to buyers.