Convertible securityA security that can be converted into common stock at the option of the securityholder; includes convertible bonds and convertible preferred stock.
High premium convertible debentureHigh premium convertible debenture
A 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 insurance
Term 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 preferred stockConvertible preferred stock
Preferred stock that can be converted into common stock at the option of the holder. See also: participating convertible preferred stock.
Convertible 100Convertible 100
Goldman Sachs index of the 100 convertibles of greatest institutional importance. Weighted by issue size, it measures the performance of its components against that of their underlying common stock and against other broad market indexs as well.
Convertible bondConvertible bond
A bond that can be converted into shares of the issuing company or its parent.
Further SuggestionsZero coupon convertible security
Cash plus convertible