convertible bond
A debt instrument issued with a provision allowing the bond holder to swap it for another asset, typically shares of common stock. The terms of the conversion are spelled out in the bond certificate and/or the bond indenture. Compare to Convertible Preferred Stock; convertible debenture.

Browse by Subjects

Related Terms

conversion price
bond conversion
See All Related Terms »

Popular Terms In Bond

reproduction cost
New York Cotton Exchange (NYCE)
swap rate