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Convertible security |
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Convertible securityA security that can be converted into common stock at the option of the securityholder; includes convertible bonds and convertible preferred stock.Convertible security Similar MatchesHigh 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. Convertible ArbitrageConvertible ArbitrageIn the context of hedge funds, a style of management that involves the simultaneous purchase of a convertible bond and the short sale of shares of the underlying stock. Interest rate risk may or may not be hedged. Convertible currencyConvertible currencyA 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. Convertible bondConvertible 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. Further SuggestionsConvertible eurobondZero coupon convertible security Convertible price Convertible preferred stock convertible bond Convertible 100 convertible Cash plus convertible Mandatory convertibles |
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