Reverse Convertible Note

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Reverse Convertible Note

A security that combines aspects of a stock and a bond. An RCN operates like a debt security that pays a fixed coupon, which is usually higher than the coupons for regular bonds. At maturity, the holder may choose to receive a certain amount of stock or cash equal to the value of that stock. RCNs allow the investor to diversify his/her portfolio while only incurring the expense of a single investment vehicle.
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References in periodicals archive ?
RCN Telecom Services, LLC provides industry-leading high- speed Internet, all-digital TV and phone services for residential, small/medium and Enterprise business customers.
Glenn Turp, RCN northern regional director, said the 111 service will be a "pale shadow of what NHS Direct used to be" and told of the union's concern that "the ongoing future of both of the North East's NHS Direct sites is at risk".
The RCN is committed to driving forward quality improvements - these principles are an invaluable contribution to that task.
Addressing the ceremonial assembly, consortium chairman and executive vice president carrier & wholesale at Etisalat, Ali Amiri described the RCN as being unmatched in terms of speed, quality, ease of upgrade, redundancy, and reliability.
The RCN will be issued on the basis of the non-bailable warrant issued against Saeed by a Mumbai court earlier and also all the evidences gathered against him by the Mumbai police.
RCN Metro, (http://www.rcnmetro.com) is a premier provider of high-capacity transport services for carriers as well as large and medium-sized businesses.
"The addition of these three top Indian entertainment channels is only the first step in RCN's robust expansion of international programming," said Senior Vice President, Strategic External Affairs & Programming Richard Ramlall.
A RCN report last year showed the vast majority of specialist nurses reported NHS cuts having an adverse effect on patient care and almost half were aware of cuts being made to services in their specialist area, Dr Carter said.
Currently strike action can only be given the green light if the RCN's Council is "satisfied that appropriate arrangements are in place to protect patients".
According to the RCN, the media awareness course was staged at her house, in Aymestrey, Herefordshire, for delegates travelling from across the West Midlands because other venues were claimed to be too expensive.
RCN, which provides service in Boston, New York and Chicago, was one of the first U.S.
Dr Peter Carter, RCN general secretary, said: "At a time of extensive change in the service, Theresa will bring strategic focus and direction to RCN Scotland."