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 Rolls-Royce models the Phantom Drophead Coupe has doors which open the opposite way to most conventional cars.
The teeny drophead costs a cool pounds 3,000 more than the full-metal roof version - though that includes air-con as well - but I''d be sorely tempted to go for it, and hang the expense.
Some early 150 drophead coupes featured an aluminium centre dash panel, but this was discontinued after June 1958.
The unique and highly bespoke Phantom Drophead Coupe left the production line in May 2012.
Their drive around the world was made in a 1956 Bristol 405 Drophead Coup, of which only 42 were made.
The Daimler DB18 Drophead Coupe will be up for grabs at auction venue Brooklands when Historics hosts its third sale at its permanent home on Saturday, December 4.
A flat-tyres-and-cobwebs 1964 E-Type Roadster made pounds 25k and an immobile XK140 drophead made pounds 32k.
It included experiencing the luxury of three of the best cars ever produced by Rolls Royce - Phantom Drophead Coupe, Phantom and Phantom Coupe.
Abu Dhabi Motors, the sole dealer of Rolls-Royce cars in Abu Dhabi and Al Ain, has received an outstanding Bespoke Phantom Drophead Coup[R] .
These were the Roadster and the Drophead Coupe which were produced until 1950.
Deliveries of the new four-seat convertible Phantom Drophead Coupe model have just begun and a new coupe model will join the Phantom line-up next year.
So, humans aren't animals and a Rolls Phantom Drophead Coupe is not a farm tractor.