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Limitation on Conversion |
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Limitation on conversion Applies mainly to convertible securities. Possible delay in convertibility. More frequently, the right to convert may be terminable prior to a redemption date, preventing the holder from receiving a final coupon or dividend. See: Accrued interest. Limitation on Conversion In convertible securities, a delay or restriction on the ability to exercise the conversion option. For example, the holder of a convertible bond may have a limitation on conversion preventing him/her from changing that bond into the underlying stock on certain dates around the time of dividend payments. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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