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 ?
The car first appeared two years ago at the Geneva Motor Show and shares the split tailgate of its Drophead coupe stablemate, with the lower part acting as a bench.
An indication of how close the experiment of the 100EX is to the Drophead Coupe can be discerned from the dimensions:
Customers have already purchased the entire run of 50 final Phantom Coupe and Drophead Coupe Zenith Collection cars that were unveiled less than two months ago.
Mohamed Yousuf Naghi Motors, the sole authorized dealer of Rolls-Royce Motor Cars in Saudi Arabia, is celebrating the arrival of the Phantom Zenith Collection, which represents some of the very last Phantom Drophead Coupe and Phantom Coupe motor cars ever to be built.
The Daimler DB18 Drophead Coupe will star in Coy's auction of historic motorcars at the Blenheim Palace auction in Woodstock, near Oxford.
A world-record selling price is set to be smashed by a 1954 Lagonda Three-Litre Drophead Coupe (DHC) that was ordered by HRH The Duke of Edinburgh and driven by him until 1961.
0-litre Drophead Coupe in Edinburgh Green with grey leather upholstery was Prince Philip's personal transport for seven years.
Among the other cars featuring in the auction is a 1952 Aston Martin DB2 Drophead Coupe, whcih was originally owned by Prince Bertil of Sweden and which could fetch PS300,000.
Bespoke Collections including Waterspeed, Pinnacle Travel and Metropolitan, and unique creations such as the Maharaja Phantom Drophead Coupe contributed to Rolls Royce sustaining its leadership of the industry in the area of individualisation.
Showcasing the very best of the Rolls-Royce Bespoke programme, the Phantom Drophead Coupe Waterspeed Collection features a number of exquisitely designed and crafted personalised features.
But the luxury carmaker may have just outdid itself with the aACAyMaharaja', a model based on Phantom Drophead Coupe and meant only for one yet-to-be-confirmed buyer in Dubai.