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convertible bond

noun
1.
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. 2014.
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Examples from the web for convertible bond
  • convertible bond funds are still a decent idea for the bruised investor.
  • They are particularly active in the convertible bond market and the credit derivatives market.
  • convertible bond funds, which are linked to the equity markets, have turned in an admirable performance.
  • In the case of a convertible bond, debenture or preferred stock, the price includes the conversion price.

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