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 ?
Use drop-head cutter styles developed specifically for upside-down applications.
As well as the 1947 Alvis TA14 he has restored a 1939 Alvis drop-head coupe and built a 1964 Alvis 3L.
HHHDave Grusin - The Very Best Of (GRP) Spyro Gyra - The Very Best Of (GRP)Two for the slip-on shod, drop-head cruiser dudes.
One of John's only regrets is selling his Wolseley 25hp drop-head coupe which King George VI used on a tour of South Africa in 1952.
Rapid propulsion, through the seamless six-speed automatic gearbox, may not make it the fastest in the supercar league but it is mind-bogglingly fast and beats many top-bracket drop-head contenders with seconds to spare.