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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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The Rathe family, owners of the building since 1956, stored their rare car collection there, including the 1952 Aston Martin DB2 Drophead driven by Tippie Hedren in Alfred Hitchcock's The Birds. Bentley Drophead Arnage Coupe: After much mystery surrounding what the new Bentley would look like, the British convertible finally makes its world debut. Although not one word was spoken about putting it into production, it would not be a surprise if the Corniche name--traditionally reserved for Rolls' drophead models--was revived in the not-too-distant future. |
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