convertible bond:
(1857)
1. A bond that can be exchanged for stock shares in the corporation that issued the bond. [1]
1. Bonds issued with the privilege of converting them into other securities, usually the common stock of the issuing corporation. [2]
convertible bonds or debentures:
1. Bonds or debentures issued with the privilege of converting them into other securities, usually the common stock of the issuing corporation. 19 Am J2d Corp § 217. [3]
References:
Disclaimer: All material throughout this website is compiled in accordance with Fair Use.
[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black & Editor in Chief Bryan A. Garner. ISBN: 978-0-314-62130-6
[2]: Ballantine’s Law Dictionary Legal Assistant Edition
by Jack Ballantine (James Arthur 1871-1949). Doctored by Jack G. Handler, J.D. © 1994 Delmar by Thomson Learning. ISBN 0-8273-4874-6.
[3]: Ballantine’s Law Dictionary with Pronunciations
Third Edition by James A. Ballantine (James Arthur 1871-1949). Edited by William S. Anderson. © 1969 by THE LAWYER’S CO-OPERATIVE PUBLISHING COMPANY. Library of Congress Catalog Card No. 68-30931
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