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 ?
Le T-Roc cabriolet est propose seulement en essence avec deux options : le trois cylindres 1,0 TSI de 115ch et le quatre cylindres 1,5 TSI de 150ch.
The coupe is timed at 5.6 seconds 0 to 62 mph in 5.6 seconds, while the cabriolet takes 5.8 seconds.
The Cabriolet was more than just a Beetle with a soft top, for various complicated engineering reasons (you can skip the next few paragraphs if engineering is not your thing).
Better still, order your Cabriolet with a diesel engine - the most likely power unit in a range that starts at PS35,235 with a 2.0 litre petrol engine - and you'll have a car made in cruising heaven.
The C-Class Cabriolet is equipped with a 1,991-cc petrol engine while the S-Class Cabriolet is equipped with a V8 petrol engine.
On the other hand, the mightier S- Class Cabriolet Scintillating Performance comes with 0 - 100 kmph in just 4.6 seconds, thanks to its V8 petrol engine that produces 455 hp or 700 Nm of torque.
The spec Model Beetle Cabriolet 50s Engine 1.4 litre TSI petrol Power 158bhp Top speed 128mph 0-62 8.6 seconds Average mpg 41.5 CO2 emissions 158g/ km Warranty 3 years, 60,000 miles; 3 years paint, 12 years body Price From PS18,405
This is the remarkable result of a poll just conducted by Audi, which has increased the number of cabriolet cars it offers to meet demand.
The boot on the Cabriolet is deep but has a narrow opening which limits the type of luggage you can get in.
Each centre will also be hosting activities such as classic open-topped Porsche displays, cabriolet roof treatment demonstrations and Le Mans-themed displays.
Mr Saville said that coupe cabriolets had become a victim of their own success.
Mr Saville said that coup cabriolets had become a victim of their own success.