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
See All Related Terms »
double dip recession
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):