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 ?
Lenovo clearly knows what it's doing in the convertible laptop segment -- it's been leading the market for years.
The 0.9-inch thick convertible laptop is advertised to last up to 12 to 16 hours on a single charge.
The HP Spectre x360 convertible laptop now comes with a micro-edge bezel design, which removes the large bezels from its previous iteration.
It's a 17-inch gaming convertible laptop, which means the large 4K display can be flipped around to be used like a tablet.
Along with SlateBook x2, HP will be releasing its (http://www8.hp.com/us/en/ads/x2/split-x2.html) Split x2 convertible laptop running on Windows 8 OS.
* Acer unveiles the Predator Triton 900 gaming convertible laptop
The Asus ZenBook Flip S is a sturdily built convertible laptop meant for a life on the go.
12 -- LG Electronics has announced that it will expand its Gram laptop range by launching two machines - a 17-inch laptop with high-res display (model 17Z990) and an "innovative" 14-inch 2-in-1 convertible laptop (model 14T990) - at CES 2019 in Las Vegas.