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 ?
Notons que d'autres constructeurs se sont deja lances dans l'aventure du SUV Cabriolet. Une aventure qui, pour la totalite de ces derniers, a vite pris fin.
The soft top: Following the tradition of the Beetle and the Golf, the T-Roc Cabriolet likewise has a classic soft top.
Which in turn allows the cabriolet module to be conveniently configured.
The coupe is timed at 5.6 seconds 0 to 62 mph in 5.6 seconds, while the cabriolet takes 5.8 seconds.
The S560 Cabriolet is powered by a 4.0-litre biturbo V8 engine that produces 469 bhp and 700 Nm of torque, replacing the 4.7-litre V8 from the pre-facelift.
Better equipped than the saloon, the Cabriolet featured twin map pockets, a visor vanity mirror on the passenger side, rear stone shields, and, in 1969, wheel trim rings.
As the newest member of Mercedes-Benz's new E-Class family, the four-seat cabriolet, with its classic fabric soft top, combines puristic, sensuous design with long-distance comfort and the latest technology.
"The new E-Class Cabriolet is the definitive car for enjoying open air freedom in luxurious comfort and ultimate style," said Lennart Mueller-Teut, head of marketing and communications, Mercedes-Benz Cars ME.
headlamps), a drawn-out bonnet with powerdomes and fully retractable side windows underline the dynamism of the Cabriolet. The soft top flows harmoniously into the muscular-looking rear.
This chassis rethink has transformed the car, tested here in new Cabriolet form and as good looking and nicely crafted as ever.
Better still, order your Cabriolet with a diesel engine - much the most likely power unit in a range that starts at PS35,235 with a 2.0 litre petrol engine - and you'll have a car made in cruising heaven.