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 ?
But outside the expensive premium car sector, all new models have a hard folding top, which has left convertible car fans short of genuine choice.
Autonova assembles the Volvo C70 coupe and convertible car models.
THIEVES who broke into a convertible car left the stereo where it was - but made off instead with the seats.
But the most coveted prize of all is a gleaming BMW 3 series convertible car - it goes to the first player to manage a maximum break.
Nevertheless, while not a convertible car or waterfront mansion, an Executive Option Transfer makes the "perfect gift" - one equally satisfactory to giver and receiver.
You also get a convertible car or Jeep with unlimited mileage for the length for your stay if over four nights.
Conventional convertible car safety seats are designed for children from birth to 40 pounds in weight and 40 inches tall.
Sophie LaMontagne and Katherine Kallinis of TLC's "DC Cupcakes" create a 3,000 cupcake convertible car at the 60th Annual Sun Fun Festival in Myrtle Beach, S.
Tenders are invited for Purchase of 30 EA EvenFlo Tribute Convertible Car Seat; 18 EA EvenFlo Big Kid AMP Booster Car Seat; 13 EA Safety 1st Guide 65 Convertible Car Seat; 13 EA EvenFlo Maestro Combination Car Seat.
2-litre Audi RS5 CONVERTIBLE Car minus engine, doors, roof, seats, everything in fact
Josh Williams, 20, died after a convertible car left the road and hit a tree near the Penydarren Social Club.
Vauxhall, a subsidiary of General Motors Corporation (NYSE: GM), is launching a new convertible car at the 2012 Paris motor show.