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 ?
Tenders are invited for Convertable Shocket Adaptor From Mt No.- 6 To Mt No.-5 For Drilling Operation.
One bedroom, 1-bath-room co-op with dining area (convertable to office or bonus room).
Dave Robinson pictured at the wheel of an American 1953 Cadilac Convertable at Cae Dai trust 1950's museum near Denbigh (inset) The Williams family from Ruthin; 1950s Ford Anglia Police Car that featured in ITV's Heartbeat
At the front the seating area was convertable into another double bed and there were a pair of bunks in the centre of the boat.
Large garage, convertable to en-suite fourth bedroom.
Mr Hutchby and a partner owned the stores 100 per cent under an Alldays franchise but Alldays plc had convertable loan stock in the company which meant they could become 50 per cent shareholders.