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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

convertible

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

Convertible

A bond or preferred stock that may, under specified conditions, be exchanged for common stock or another security, usually of the same corporation.
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary
References in periodicals archive ?
Thats all the more striking because the 6 cabrio is actually slightly longer overall than the E cabrio, at 192.8 inches compared with 190 inches for the Mercedes.
Expect to pay somewhere in the PS15,000 to PS20,000 bracket for your DS3 Cabrio, so you're looking at a premium of around PS2,500 over the fixed-top version that many will assume this car is at first glance.
Compared to its predecessors, the latest smart fortwo cabrio is something of a revelation to drive
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The Cabrio Racing is based on the DSPORT trim, which means you get the top spec with LED running lights, parking sensors and an eight-speaker audio system.
Like the award winning Citroen DS3, the Cabrio boasts bold styling, sophisticated refinement, extensive personalization and a thoroughly enjoyable driving experience; now with the pleasure of open air motoring, said the statement.
On the road the Cabrio rides well enough at higher speeds but becomes crashy over poor road surfaces in town, and tends to hop sideways when faced with mid-corner bumps.
Prices f are PS9,575 for the coupe and PS11,075 for the cabrio.
The DS3 Cabrio is based on the highly successful DS3 hatchback launched almost three years ago.
6 -- Citroen DS3 Cabrio is the latest advance in the distinctively styled DS line.
The cabrio is the latest chapter in a story that started with the original Beetle Convertible in 1949 and continued with the cabrio of 2002.
Lousy weather and a stuttering economy have punished used values of Munich's slinky cabrio down to what I believe is an absurd level.