convertible loan stock as convertible debentures

convertible loan stock as convertible debentures

long-term LOANS to a JOINT-STOCK COMPANY which may be converted at the option of the lender into ORDINARY SHARES at a predetermined share price.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson