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 ?
The cabrio is as useful as it is stylish and roof open or shut it is a good looking car.
The E-Class Cabrio is available with a choice of three diesel and four petrol engines.
Like the Coupe, the Cabrio carries the latest generation DSC111 safety system, which incorporates traction control, electronic differential lock, anti-lock braking, corner braking control and emergency braking recognition.
The new cabrio sits much lower on the Tarmac than its predecessor and this, together with much greater rigidity - Audi claim a whacking 112pc increased stiffness - all makes for a much more stable and compliant animal without sacrificing the thrills.
It is standard issue across the two-model range and makes the Astra Cabrio a serious consideration - even if you live in Perth rather then the sun-drenched Pyrenees.
A VW Golf Cabriolet or a Ford Escort Cabrio are the most common and the Escort presents the cheaper buy of the two.
BMW 3-Series 2000-2007: Now at the budget end of the four-seater cabrio market, the old 3-Series still takes some beating.
Bill Cullen, Chairman, Renault Ireland commented, "The Megane Cabrio is a delightful car to drive.
The cabrio is as useful as it is stylish and, roof open or shut, it is a good-looking car.
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.
DUE to be unveiled at the Geneva Motor show at the start of March this is the highly anticipated Mini Cabrio.
DUE to be unveiled at the Geneva Motor show this month is the highly anticipated Mini Cabrio.