convertible security definition

  • noun:
    • A security that, at the holder's alternative, could be exchanged for another asset, usually a hard and fast wide range of shares of typical stock.
    • A security that may be became another security.
    • a corporate security (usually bonds or favored stock) which can be exchanged for the next kind of safety (usually typical stock)

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  • Hypernym for "convertible security"
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