convertible security

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convertible security

n.
A security that, at the holder's option, may be exchanged for another asset, typically a fixed number of shares of common stock.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.convertible security - a corporate security (usually bonds or preferred stock) that can be exchanged for another form of security (usually common stock)
certificate, security - a formal declaration that documents a fact of relevance to finance and investment; the holder has a right to receive interest or dividends; "he held several valuable securities"
References in periodicals archive ?
In Central East Europe exchangeable instruments are used very rarely, let alone their use in the privatization process.