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convertible debenture

American  

noun

  1. a convertible bond that is not secured with collateral.


Example Sentences

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"So we came out with the convertible debenture deal that we saw as more appropriate."

From Reuters Nov. 5, 2013

His "ideal" investment is the convertible debenture, a bond that the owner can convert into stock and which, at its best, combines high yield with growth.

From Time Magazine Archive

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