combination security

Combination Security

Any complex security that includes features of two or more basic securities. One of the most common combination securities is a convertible bond, which is a bond that may be exchanged for common stock. In other words, a convertible bond combines features of bonds (with a fixed return and repayment at maturity) with features of stocks (with equity in the issuing company and the possibility of a high return).

combination security

A security that combines the attributes of two or more individual securities. An example of a combination security is a convertible bond that is part debt and part common stock.
References in periodicals archive ?
The market is divided into two batches defined as follows Lot # 1: Slides metal security : Lot # 2: Slides of metal-wood combination security. Applications may involve one or both lots.
Mahmoud al-Zahar, a prominent Hamas leader who participated in the talks, said the pact comprised five points, including elections, the formation of an interim unity government and the combination security forces.
The combination Security and Signaling Mark is used on products that serve both security and signaling functions, such as a combination fire and burglar alarm system.