|
Convertible Security (Convertible Bone, Convertible Preferred Stock) (1000 words) |
 | A convertible security or convertible is a hybrid security with a provision for the convertible to be exchanged for some other security. |
| Convertible securities have a par value, and their yield is quoted as a percentage of par. |
| Convertibles routinely have an anti-dilution provision, which adjusts the conversion ratio as appropriate in the event of a stock split or stock dividend. |
| Income Securities Lists - QuantumOnline (2599 words) |
| The debt securities are generally junior subordinated deferrable interest debentures, which are the lowest ranked of the debt securities issued by the company, and which generally have a maturity date of 30 to 50 years from the date of issue. |
| Mandatory convertible securities are similar to convertible preferreds with the very major exception that they have a fixed conversion date and a variable conversion rate in terms of the number of common shares per preferred share. |
| They are mandatorily convertible at a specific date (generally 3 years from the date of issue) into a variable number of shares of the common stock of the company with the number of shares depending on the market price at the time specified for mandatory conversion. |
Feeds |
Contact