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 ?
Elliotts Car Audio of Coventry has installed a VDO Dayton MS5000 full colour navigation system into a 1959 Jaguar XK150 Drop Head Coupe.
The 101EX is a fixed-head coupe version of the Phantom saloon and it will extend the Rolls-Royce range to four cars - the Phantom saloon, the long wheelbase Phantom, the Phantom drop head coupe (convertible) and now this.
Kathryn Nichols lost control and fell down a 20-metre drop head first on to a steel avalanche barricade as she skied just ahead of her father.
The 2016 model is inspired by the Silver Dawn Drop heads that were produced shortly after the end of World War II and were limited to just 28 cars.
A major benefit of this method is that it allows for early stripping: When the concrete of the poured slab has sufficiently set, the drop heads of the props are lowered with a hammer blow.
The company also announced the Middle East debut of its Honey slab system including honey panels, drop heads and shoulder beams.