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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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It included experiencing the luxury of three of the best cars ever produced by Rolls Royce - Phantom Drophead Coupe, Phantom and Phantom Coupe. The Drophead Coupe was introduced in 2006 and has proved very popular, accounting for 26 percent of all sales in 2007, encouraging the development of its fixed head sister. The company launched the convertible Phantom Drophead Coupe in India in November 2007. |
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