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 ?
Each Rolls-Royce Phantom Drophead Coupe is made to individual specifications
There Exec got the scoop on what makes the Drophead Coupe so special, from the classic bespoke design flourishes Rolls Royce enthusiasts have come to expect, to high-tech features that showcase Rolls Royce's dedication to the future of automotives as well as its past.
The car first appeared two years ago at the Geneva Motor Show and shares the split tailgate of its Drophead coupe stablemate, with the lower part acting as a bench.
An indication of how close the experiment of the 100EX is to the Drophead Coupe can be discerned from the dimensions:
Among the other cars featuring in the auction is a 1952 Aston Martin DB2 Drophead Coupe, whcih was originally owned by Prince Bertil of Sweden and which could fetch PS300,000.
Auto Business News-February 2, 2015--Rolls Royce launches Nighthawk Phantom Drophead Coupe
Showcasing the very best of the Rolls-Royce Bespoke programme, the Phantom Drophead Coupe Waterspeed Collection features a number of exquisitely designed and crafted personalised features.
But the luxury carmaker may have just outdid itself with the aACAyMaharaja', a model based on Phantom Drophead Coupe and meant only for one yet-to-be-confirmed buyer in Dubai.
We are committed to bringing the latest and most exclusive Rolls-Royce vehicles to Bahrain and we know our customers will have a thorough appreciation for the Bespoke Waterspeed Phantom Drophead Coupe and what it stands for.
The Drophead Coupe is one of just 622 of right hand drive cars built.
The Phantom Series II family -- including Phantom Saloon, Phantom Extended Wheelbase, Phantom Drophead Coupe and Phantom Coupe -- continue to be a strong driving force behind the company's sales achievements.
The bespoke Phantom Series II Saloon, Phantom Series II Drophead Coupe and Ghost models were unveiled at the Paris Motor Show 2012, in homage to the 1925 Paris Exhibition that gave the Art Deco movement its name.