A convertible security where the conversion option may not be exercised until some specified date after the security is issued. See also: Period of call protection.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
A security with a conversion feature that does not come into effect until a specified date.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.