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convertible |
Also found in: Wikipedia | 0.06 sec. |
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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.
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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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