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 ?
Like all Roll-Royce models the Phantom Drophead Coupe has doors which open the opposite way to most conventional cars.
Dubai is the only market in the world to receive this one-of-a-kind bespoke Phantom Drophead CoupEa -- not only an incredible coup for us, but also a strong reflection of the importance that Rolls-Royce Motor Cars places on this market," said Osman Abdelmoneim, General Manager at AGMC, the dealership for Dubai and the northern emirates.
A Phantom Series II Drophead Coupe furnished in resplendent mother of pearl onlays gracefully completes the show line-up.
A replacement for the XK140 the 150 was available in fixed head coup (FHC) and drophead coup (DHC) versions.
The Phantom Series II family of cars - including Phantom Saloon, Phantom Extended Wheelbase, Phantom Drophead Coupe and Phantom Coupe - have been updated with a new front-end design and a new eight-speed automatic gearbox and rear differential among other enhancements.
But I'd look for a completely restored, as-new Jaguar XK150 Drophead, as they're the most desirable with only 662 made.
New Zealand police seized millions of dollars worth of assets, which included luxury cars such as a Rolls Royce Phantom Drophead Coupe.
Geoffrey Herdman, 68, and wife Hilary, 70, spent 16 months on a "wrinkly gap year" in the 1956 Bristol 405 Drophead Coupe, worth pounds 90,000 and only had two punctures and a few repairs.
Just 66 customers in the UK and a total of 333 worldwide will be able to buy right-hand drive versions of the new 197mph drophead, which can accelerate from 0-60mph in 3.
FIAT''S baby drophead is an eco fun-machine with Italian chic stamped through from roof to tyre tread.
The Rolls Royce Phantom Drophead Coupe is among the latest offerings from Rolls Royce, and its original sailing-inspired design certainly warrants recognition.
He "boasts of having five Hummers, a private jet, a Caribbean island getaway, a wristwatch designed for him by Cartier at the request of Prince Albert of Monaco, even a Rolls-Royce Phantom Drophead convertible he says he paid $2.