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 ?
STREETS AHEAD: Peter Mitchell and the satellite navigation system fitted to his Jaguar XK150 Drop Head Coupe
"You can't drop heads. "It's great that Steven got a win, a very honest big-hearted lad.
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.
The system's drop heads allow for early stripping and fast material relocation.
The company also announced the Middle East debut of its Honey slab system including honey panels, drop heads and shoulder beams.
Work units are based on the table and fixed by two pneumatic drop heads. Working table feeding motion is performed by pneumatic cylinder.
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.
A series of stylish saloons, coupes and drop heads were to follow, each with potent engines that was to set Jaguar's hallmarks of grace and pace.