convertible preferred stock


noun

preferred stock 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. convertible,
  2. convertible bond,
  3. convertible debenture,
  4. convertible insurance,
  5. convertible lens,
  6. convertin,
  7. convertiplane,
  8. convertite,
  9. convex,
  10. convex hull

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