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Convertible bond |
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Convertible bondGeneral debt obligation of a corporation that can be exchanged for a set number of common shares of the issuing corporation at a prestated conversion price.Convertible bondA bond that can be converted into shares of the issuing company or its parent.Similar MatchesConvertible priceConvertible priceThe contractually specified price per share at which a convertible security can be converted into shares of common stock. Convertible eurobondConvertible eurobondA eurobond that can be converted into another asset, often through exercise of attached warrants. Zero coupon convertible securityZero coupon convertible securityA zero-coupon bond convertible into the common stock of the issuing company after the stock reaches a certain price, using a put option inherent in the security. Also refers to zero-coupon bonds, which are convertible into an interest bearing bond at a certain time before maturity. High premium convertible debentureHigh premium convertible debentureA bond with a long-term, high-premium, common stock conversion feature. It also offers a competitive interest rate. This type of investment vehicle is aimed at bond investors who want to be able to convert into stock to hedge against inflation. Convertible term insuranceConvertible term insuranceTerm life insurance which can be converted into cash value insurance. In the UK the equivalent (convertible term assurance) is conversion of term assurance into endowment assurance. Further SuggestionsConvertible preferred stockconvertible Mandatory convertibles Cash plus convertible Convertible currency Convertible 100 Convertible Arbitrage Convertible security |
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