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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 A bond or preferred stock that may, under specified conditions, be exchanged for common stock or another security, usually of the same corporation. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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They often cost as much as longer-lasting, convertible car seats which can be used in both rear- and front-facing positions and can accommodate children weighing from 5 to 40 pounds. It reportedly also gives excellent resistance to "water blush" in clear, thick sheet for applications such as boat windows and rear windows in convertible car tops. Nevertheless, while not a convertible car or waterfront mansion, an Executive Option Transfer makes the "perfect gift" - one equally satisfactory to giver and receiver. |
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