Convertible currency

 

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Convertible currency

A currency that can legally be exchanged for another or for gold. In times of crisis, governments sometimes restrict such exchange, giving rise to black market exchange rates.



Similar Matches

Convertible bond

Convertible bond

A bond that can be converted into shares of the issuing company or its parent.


Convertible eurobond

Convertible eurobond

A eurobond that can be converted into another asset, often through exercise of attached warrants.


Convertible security

Convertible security

A security that can be converted into common stock at the option of the securityholder; includes convertible bonds and convertible preferred stock.


Convertible

Convertible

Convertibles are bonds issued by companies which can be converted into ordinary shares or preference shares at a given price at a future date. For example a convertible might pay 6% in income, and give the holder the right to 5 ordinary shares for every £20 of bond value.They are a popular means of raising capital when interest rates are high, because the interest which the company has to pay on them is lower than on an unconvertible bond (the option to convert is deemed to be worth something to the holder).From an investor's point of view, convertible bonds can be attractive if the company's stock is volatile because they provide some of the security of a bond whilst at the same time allowing the investor to convert to shares if the company's stock rises.


Convertible price

Convertible price

The contractually specified price per share at which a convertible security can be converted into shares of common stock.


Further Suggestions

Convertible Arbitrage
Mandatory convertibles
Convertible bond
Convertible preferred stock
convertible term insurance
High premium convertible debenture
Cash plus convertible
Convertible 100
Zero coupon convertible security


 
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