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 ?
In a continued commitment to child passenger safety, Britax has determined that certain ClickTight model convertible car seats may contain a defect with the harness adjuster button, which would pose a safety hazard.
2 per cent of its original price at new, but for the convertible car the average is 37.
For detailed information about the 2015 Miata, or to schedule a test drive, convertible car shoppers may contact the sales department at the Myrtle Beach, South Carolina Mazda dealer by calling 843-626-3666.
Third place was the MINI One convertible, which is now a firm favourite among UK convertible car buyers.
2, recently asked if he could do anything to help, and Geoff replied: 'I would like a brand new convertible car.
14, 2014 /PRNewswire/ -- Parents use convertible car seats more than any other type of seat to protect their little ones.
The male driver of the convertible car was treated for an arm injury at the scene and taken to hospital via road ambulance.
BENTLEY has introduced what it claims to be the most elegant and opulent convertible car in the world.
THE September slump in convertible car values may become a thing of the past as steel-folding roofs take over from the traditional fabric tops.
Simon Parry, prosecuting, said officers searched the Audi convertible car and found three black bin bags.
She has dyed her hair pink, bought a pink convertible car, wears a pink jacket, pink trousers and even a pink shirt.