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convertible bond

American  

noun

  1. a bond that can be exchanged for a fixed number of shares of the common stock of the issuing company at the holder's option.


Example Sentences

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In 2024, Strategy became one of the largest global convertible bond issuers, raising more than $6.2 billion in a single year to fund its bitcoin buying spree.

From The Wall Street Journal ● Jun. 30, 2026

EchoStar’s equity market value now is roughly $39 billion assuming conversion into stock of a convertible bond deal.

From Barron's ● Jun. 12, 2026

Senate confirmation hearing that Cantor's investment in Tether is in the form of a convertible bond.

From Salon ● Feb. 6, 2025

The bank’s management — with the help of Goldman Sachs, its adviser — chose to raise new equity from the venture capital firm General Atlantic and also to sell a convertible bond to the public.

From New York Times ● Mar. 11, 2023

Just what emotion, for example, is appropriate in the presence of the four and a half per cent convertible bond of the Chesapeake and Ohio Railway Co.?

From The Value of Money by Benjamin M. Anderson

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