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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

convertible

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.

Convertible

A bond or preferred stock that may, under specified conditions, be exchanged for common stock or another security, usually of the same corporation.
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary
References in periodicals archive ?
This included just under 100,000 domestically built convertibles - a whopping 64 percent increase over the previous year - the best year for ragtops since 1969.
But, for me, the ragtop is the most appealing, especially when its black soft roof is on, showing off its profile.
VAUXHALL isn't prepared to let Ford get away with its Streetka ragtop without a fight, so expect to see its own Corsa-based convertible in September.
Starting out just above $20,000 and fully loaded for around $27,000, this remains among the rare ragtops that can actually fit four and offer enough trunk space for a tolerable vacation.
A '66 Monza Spyder ragtop with the 140-hp engine is right perky, and a good #3/#4 goes for $4,500.
Door seals do what they should do, and the level of grip between window and ragtop frame is excellent, creating a perfect seal.
Imagine thousands of MINI ragtop owners, roof off, smiling if not singing in the rain .
There was also a convertible version but this is quite rare as it was silly money when it was new although some ragtop Celicas are making their way over from Japan second-hand these days.
It looks pretty good with the ragtop in place, but one press of the button and the car transforms itself and the process is vaguely reminiscent of that classy Citroen Transformer advert.
Herbie, the 1963 Volkswagen Beetle Ragtop Sedan from the 1968 Disney film The Love Bug comes seventh, with The Batmobile - a modified Lincoln Futura which was customised to look like a bat face - at eight.
Chrysler's hot-selling Sebring ragtop and the Mercedes-Benz CLK.