convertible bond

convertible bond

noun
a bond that can be exchanged for a fixed number of shares of the common stock of the issuing company at the holder's option.
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Based on the Random House Dictionary, © Random House, Inc. 2012.
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WordNet
convertible bond

noun
a bond that can be converted to other securities under certain conditions 
WordNet® 3.0, © 2006 by Princeton University.
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