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 E-Class Cabrio is available with a choice of three diesel and four petrol engines.
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.
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.
Ford offered a number of lower-priced special-edition cabrios with 1.6 engines, including the Silhouette and Mistral.
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 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.
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. 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.
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.
By comparison, the Cabrio models start at EUR17,495 for the Pure model.