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 ?
TOPLESS STUNNER: BMW's 6 Series convertible; STYLE: Aston Martin's ragtop will arrive here in spring
The new MINI ragtop is a fitting tribute to help mark the half-century of the first Mini.
Saab 900 convertibles are among the most practical ragtops on the road.
WIND in the hair motoring is about to take on a whole new meaning, with the impending arrival of the world's fastest small ragtop in the form of the latest MINI Convertible.
The name is a combination of ragtop and speedster, with the Ragster capable of being powered by any of the Beetle's existing petrol and diesel engines.
The ragtop version of the sit-up and beg Cruiser tintop is, in the nicest possible way, thoroughly predictable.
Tuesdays at the Ragtop meeting room, 17873-1/2 Sierra Highway, Canyon Country.
George Barris: Barris' automotive accomplishments began as early as high school, when he created his first custom cars - a tricked-out, orange-and-blue striped 1925 Buick and a 1936 Ford ragtop.
But the Phantom ragtop is one of the most dramatic, theatrical and crowd-stopping cars on the planet and still has that essential Rolls-Royce DNA in spades.
RAGTOP fans can pick up a bargain - because the price of new models is being kept artificially low by intense competition.
And if you're considering a convertible, Chrysler's latest remake of the Sebring just might be the right model for you, offering an unusual choice between ragtop or foldaway hardtop.
You always feel vulnerable in a ragtop, particularly on the motorway and the thought of something ugly and heavy flying off the back of a juggernaut keeps you vigilant.