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Convertible Security

Convertible Security

  • Term

    Main definition

  • Convertible Security

    A security that by its terms is convertible into or exchangeable for another security (usually common stock) of the same company (e.g., convertible preferred stock, convertible notes, and convertible debentures often are convertible into shares of common stock according to a conversion formula).

    See also Convertible Preferred Stock.

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