unit convertible(redirected from Unit Convertibles)
A convertible security that differs from most other convertible securities because it may be changed into a portfolio or other package of investments rather than a certain number of shares in common stock.
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A security that is convertible into a package of assets or securities rather than into a specified number of shares of a single common stock.
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.