convertible bond

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Related to Convertible Debts: Convertible Debentures
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Noun1.convertible bond - a bond that can be converted to other securities under certain conditions
bond certificate, bond - a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
Following completion of the transaction, which is expected to occur in mid-March, IYGHC's ownership of 7-Eleven stock, excluding convertible debts, will increase from 65% to 72%, it said.

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