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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. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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