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 ?
So to make up for that omission, this week we're putting the brand-new S3 Cabriolet under the microscope.
Now comes another world-first, the 'Aircap' automatic draught-stop, which can be activated at the push of a button and greatly reduces turbulence in the interior of the new Mercedes E-Class Cabriolet.
The cabriolet roof frame has three folding sections, which when retracted lie on top of each other remaining on show - a striking design feature that harks back to its 1949 original.
It replaces the A4 Cabriolet - a hard act to follow - but has a host of features which will have special appeal to enthusiasts of convertibles.
It shares the same seven-speed transmission system and prices are pounds 47,490 for the coupe and pounds 51,000 for the cabriolet.
The A3 Cabriolet, TT Roadster and A4 Cabriolet are all in great demand and now there's another rag top from the prestige German car maker in the sleek shape of the cabriolet version of the A5.
Following the launch of the highly successful saloon and Coupe last year and introduction of the Estate earlier this year, the Cabriolet comes with some ground-breaking technology.
The open-top two-door model, which goes on sale shortly, features a classic fabric soft top, making for a stylistically pure cabriolet feeling.
com, one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, evaluates the Mercedes-bens E class cabriolet.
July may have been a total washout weather wise, but it has done nothing to dampen the public's great love affair with the cabriolet.
The Audi A5 Cabriolet will have convertible enthusiasts drooling with delight.
The TT Roadster and the A4 Cabriolet remain popular with buyers, and the A3 Cabriolet has been quick to build up a fan base since its launch last year.