- convertible debenture
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See convertible bond
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
convertible debenture — ➔ debenture * * * convertible debenture UK US noun [C] ► FINANCE, STOCK MARKET a type of bond that can be exchanged for another type of debt or ordinary shares within a particular period of time … Financial and business terms
Convertible Debenture — A type of loan issued by a company that can be converted into stock by the holder and, under certain circumstances, the issuer of the bond. By adding the convertibility option the issuer pays a lower interest rate on the loan compared to if there … Investment dictionary
convertible debenture — /kənˌvɜ:təb(ə)l dɪ bentʃə/ noun a debenture or loan stock which can be exchanged for ordinary shares at a later date … Dictionary of banking and finance
convertible debenture — a convertible bond that is not secured with collateral. * * * … Universalium
convertible debenture — a convertible bond that is not secured with collateral … Useful english dictionary
Compulsory Convertible Debenture - CCD — A type of debenture in which the whole value of the debenture must be converted into equity by a specified time. The compulsory convertible debenture s ratio of conversion is decided by the issuer when the debenture is issued. Upon conversion,… … Investment dictionary
Partially Convertible Debenture - PCD — A type of convertible debenture, part of which will be redeemed by the issuing company after a specified period of time and part of which is convertible into equity or preference shares at the end of the specified period. The ratio of conversion… … Investment dictionary
Fully Convertible Debenture - FCD — A type of debt security where the whole value of the debenture is convertible into equity shares at the issuer s notice. The ratio of conversion is decided by the issuer when the debenture is issued. Upon conversion, the investors enjoy the same… … Investment dictionary
convertible bond — see bond 2 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. convertible bond … Law dictionary
debenture — a fixed interest investment in a company, which has priority for interest payments, generally redeemable after the lapse of a specified time Any debt obligation backed strictly by the borrower s integrity, e.g. an un secured bond. A debenture is… … Financial and business terms