convertible security

Definition of Convertible Security in English :

1. convertible, convertible security

a corporate security (usually bonds or preferred stock) that can be exchanged for another form of security (usually common stock)

WordNet Lexical Database for English. Princeton University. 2010.

Convertible Security

A security that, at the holder's option, may be exchanged for another asset, typically a fixed number of shares of common stock.

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