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 ?
In addition to trim on the instrument panel and door paneling, the Mercedes-Maybach S650 Cabriolet exclusively boasts a trim element on top of the convertible top compartment with inlaid Maybach logo.
I said at the beginning that you might not necessarily need a lottery win to own one of these but the important thing is that at the wheel - or on your driveway - this C-Class Cabriolet will make you feel as if your numbers have come up.
The interior of the Beetle Cabriolet is beautifully styled and VW has gone back to its original models to get inspiration for the dashboard, which is taller than on most cars.
The UK is the biggest export market in the world for Audi's cabriolets but this year's washout summer has put a dampener on sales here.
And thanks to an insulating filler layer between the exterior layer and roofliner of the hood this cabriolet is one of the quietest on the market.
Tops off: The new Volkswagen Golf Cabriolet with one of its predecessors
All Porsche cabriolets are welcome - whatever their age or model - and owners will be invited to accompany the technician in the workshop at their local Porsche Centre.
The chubby, stubby rear couldn't be less cabriolet, but somehow this is mitigated by that gorgeous, curvy two part glass roof.
The XK's underbody is created in three sections: rear-floor, mid-floor and front-floor, with front-floor modules featuring a barcode that designates whether the car is a coupe or cabriolet.
The soft-top on the CLK cabriolet is so strong you can even put it through a car wash, the SLK has a fold-away metal roof and the SL has a detachable hard-top.
Today, a network of over 260 Audi dealers currently offers a line of premium vehicles that include the Audi A3 compact; the sporty A4 sedan, Avant and Cabriolet models; the high performance S4 sedan, Avant and Cabriolet models; the high-revving RS 4 sports sedan; the design-leading A6 sedan and Avant; the all-new Audi Q7 performance SUV; and the all-aluminum Audi A8; and the new V10-powered S6 and S8 performance sedans.