convertible bond

American

noun

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

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

EP is also offering to buy OCEANEs, a type of convertible bond, at 81.09 euros a share.

From The Wall Street Journal • Jan. 26, 2026

Strategy, the largest corporate Bitcoin holder, has financed its purchases of Bitcoin, now totaling about 650,000 coins worth about $60 billion, with a mix of equity sales, preferred stock and convertible bond.

From Barron's • Nov. 18, 2025

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 Anderson, Benjamin M.

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023