convertible security(redirected from Exchangeable Securities)
Also found in: Thesaurus, Financial.
A security that, at the holder's option, may be exchanged for another asset, typically a fixed number of shares of common stock.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
Switch to new thesaurus
|Noun||1.||convertible security - a corporate security (usually bonds or preferred stock) that can be exchanged for another form of security (usually common stock)|
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.