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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

convertible

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

Convertible

A bond or preferred stock that may, under specified conditions, be exchanged for common stock or another security, usually of the same corporation.
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary
References in periodicals archive ?
With its retro-style white metal dashboard, powder blue bodywork and matching leather upholstery, navy blue hood and whitewall tyres, "my" drophead coupe had one foot in the past while discreetly hiding away the latest hi-tech equipment it had on board.
Taking further creativity from the setting of the historic moment, the Phantom Drophead Coupes' brushed steel perfectly complements an exclusively developed Maggiore Blue colour scheme.
"The Maharaja Phantom Drophead CoupEa is the first model from what will become a collection of bespoke vehicles inspired by the aACAyGolden Age of the Raja'," said Collar.
The Phantom Series II family - including Phantom, Phantom Drophead Coupe and Phantom Coupe - went on sale in Qatar in August and has been a strong driving force behind the company's 2012 sales achievements.
The highly bespoke Phantom Series II Saloon, Phantom Series II Drophead Coupe and Ghost models were unveiled at the Paris Motor Show 2012, in homage to the 1925 Paris Exhibition or Exposition Internationale des Arts Decoratifs et Industriels Modernes that gave the movement its name.
The model will be available in four variants in India - the Phantom, the Phantom Extended Wheelbase, the Phantom Drophead Coupe and the Phantom Coupe.
A replacement for the XK140 the 150 was available in fixed head coup (FHC) and drophead coup (DHC) versions.
The Phantom Series II family of cars - including Phantom Saloon, Phantom Extended Wheelbase, Phantom Drophead Coupe and Phantom Coupe - have been updated with a new front-end design and a new eight-speed automatic gearbox and rear differential among other enhancements.
But I'd look for a completely restored, as-new Jaguar XK150 Drophead, as they're the most desirable with only 662 made.
New Zealand police seized millions of dollars worth of assets, which included luxury cars such as a Rolls Royce Phantom Drophead Coupe.
FIAT''S baby drophead is an eco fun-machine with Italian chic stamped through from roof to tyre tread.
Just 66 customers in the UK and a total of 333 worldwide will be able to buy right-hand drive versions of the new 197mph drophead, which can accelerate from 0-60mph in 3.8 seconds.