convertible bond


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.

Nearby words

  1. converted rice,
  2. converted steel,
  3. converter,
  4. converter reactor,
  5. convertible,
  6. convertible debenture,
  7. convertible insurance,
  8. convertible lens,
  9. convertible preferred stock,
  10. convertin

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019