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.
Convertible
A bond or preferred stock that may, under specified conditions, be exchanged for common stock or another security, usually of the same corporation.