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

See convertible security.

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.

References in periodicals archive ?

The E-Class Cabrio is available with a choice of three diesel and four petrol engines.

The E-Class opens for business; Chris Russon

South American pipe music played Elton John's Candle in the Wind as the Cabrio's mellow overtures raised a few decibels on its last sprint up the motorway.

Motoring: A matter of opinion Converted to a new breed of cabriolets; Audi A4 Cabriolet

Again, there is no sacrifice in terms of luggage space as the Cabrio can easily handle a couple of suitcases and sports holdalls without a struggle.

Astra's star turn; CAB FAB: NEW VAUXHALL SOFT-TOP PROMISES PERFORMANCE WITH PLENTY OF SPARKLE

Ford offered a number of lower-priced special-edition cabrios with 1.6 engines, including the Silhouette and Mistral.

Escort is perfect topless model; Ford Escort Cabrio 1.8 Si USED CARS

BMW 3-Series 2000-2007: Now at the budget end of the four-seater cabrio market, the old 3-Series still takes some beating.

Audi's five years at the top

Bill Cullen, Chairman, Renault Ireland commented, "The Megane Cabrio is a delightful car to drive.

Rear View Mirror: Megane Cabrio

The DS3 Cabrio is priced from PS15,045 and the line up features three petrol engines, kicking off with a fuel efficient 1.2-litre three cylinder that Citroen claims can average 57.6mpg.

CITROEN DS3 CABRIO

The cabrio is as useful as it is stylish and, roof open or shut, it is a good-looking car.

W h y sky is the limit for Citroen'snew softtop

The Cabrio version was launched last year, following in the tyre tracks of the five-door Cruiser, but has the edge on its solid-topped brother when it comes to looks.

Just cruising along; EDWARDS STEPHENS lets the roof down on the Chrysler PT Cruiser 2.4 Limited Cabriolet and finds it just full of driver appeal

DUE to be unveiled at the Geneva Motor show at the start of March this is the highly anticipated Mini Cabrio. Built alongside the hardtop Mini's at the Oxford plant, the new Convertible is a proper four seater with an electric folding roof that retracts in 15 seconds.

Rear View Mirror: MINI to hail a new CAB

Although the locally built four-door sedan is by far South Africa's favourite 3-Series variant, both the Coupe and Cabrio are important niche models.

Road test: BMW 3-Series Coupe and Cabrio Refined power: Stephen Williams test-drives new models which complete the update of BMW's all-important 3-Series range. (Wheels)