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 28-year-old On The Ball presenter told how she lost control of her convertible car as she fumbled around for CDs.
SPEED fanatics in Coventry are being given the chance to ride in the fastest convertible car in the world.
If you are concerned about potential insurance premiums on a convertible car, check the ABI standard group rating, which can be found in most car magazines.
A convertible car boom in the North of England is helping a discount car dealer drive up profits.
Absolutely anyone who wants the very latest head-turning convertible car at what is currently the most affordable price of all.
In the respective activity centers, kids can earn their own Roadster Racers license and choose either a jeep or a convertible car to race around the track like Mickey.
Most of the collections are cars produced in the 1960s and 1970s, but there are also cars from the early 20th century, for example, the convertible car of the French brand Rolland-Pilain , which appeared in 1905.
He was left with two large gashes on his left arm as the suspect fled in a convertible car.
LOS ANGELES (Reuters) - A two-seater convertible car owned by Marilyn Monroe is going up for auction in November and could fetch up to $500,000, organizers said on Tuesday.
The new Cool N Dry collection includes an infant car seat, a convertible car seat and a belt-positioning booster, which combines a high-performance fabric with the Britax safety features.
A silver Saab convertible car collided with four people at around 6.15pm, sparking a response from the emergency services.
CAIRO, April 29 (KUNA) -- The visiting Pope Francis, of the Roman Catholic Church, led a mass at stadium of the Egyptian Air Force, with attendance of thousands of Egyptians, many followers of the Catholic faith, on Saturday The Pope, boarding a convertible car, circled the stadium to cheers of the attending people, amid tight security.