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 ?
However, in the past year, stocks have strongly outperformed the convertibles.
Why are convertible bonds suitable for GCC issuers?
These new convertibles has been paid for by means of partial set-off of claims on the company relating to convertibles 2016:1, where the accrued interest and re-payment of convertibles of SEK2.0m will be settled by the company.
New figures from motoring organisations show that the UK is still the second largest convertible market in Europe - despite unpredicatable weather and the recent economic downturn.
But the bargain of the year, one that will gently rise in value once the yellow orb appears, is Bentley's glorious GTC Convertible. These PS150k dreamboats are down to PS43k for an 06-plater with 40,000 miles.
LED sequential tail lamps, also standard, adorn the back of the convertible. The base model starts at $31,200.
Many observers believe that convertibles' poor record in the last bear market was an aberration.
The above debate among practitioners about the desirability of issuing putable convertibles raises several interesting questions.
According to an analysis of the convertible used car market, models at the lower end of the price scale represent the best value for money.
"If you are in the market to buy a convertible car, go for one that is most likely to hold its value to ensure you get the best bang for your buck." HPI's top ten league table of convertible cars that have held their residual value, puts the Audi TT Roadster and the Audi A3 Convertible in the top two spots.
Nicola Johnson, manager of RAC Inspections, says: "In 2006, convertibles represented 4.3% of all new registrations, compared to 1.5% 10 years ago, showing that more and more drivers prefer to go topless.
Nicola Johnson, manager of RAC Inspections says: "In 2006, convertibles represented 4.3 per cent of all new registrations, compared to 1.5 per cent 10 years ago, showing that more and more drivers prefer to go topless.