convertible
3
7.7
- noun
- /kənˈvɜːrtəbl/
- Specialized
:
valor convertible
- For those unfamiliar with financial terminology, a convertible note is equivalent to taking out a loan from an investor.
Meanwhile, Credit Suisse built a wire card exchangeable bond that mirrored the SoftBank convertible.
- Meanwhile, Credit Suisse built a wire card exchangeable bond that mirrored the SoftBank convertible.
Examples
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Lesson: Unless you really have unique circumstances, go with market standards for the parameters on the convertible note described above.
Blog text (12) -
Well, what is a convertible bond, boss?
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The deal came through a $1.50 per share convertible preferred offering.
Blog text (5) -
The bidder and target now add a $25 million bridge loan convertible into shares of the target company at the deal price.
Academic text (2017) -
The accelerator has now added an optional $100,000 convertible note (a loan that can become stock) for each startup.
Blog text (18) -
In five years of perestroika, not a single practical step has been made to solve the problem of making the ruble convertible and normalizing our currency.
Academic text (1991) -
Investors often consider convertible securities like bonds because they can be exchanged for common stock later.
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The company issued convertible bonds that allow holders to trade them for shares of stock.
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Many financial experts recommend investing in convertible bonds for their potential to increase in value.
Synonyms
1
8.3
An investment like a bond or preferred share that you can change into the company's common stock under certain conditions
Antonyms
Compounds
- Specialized
1
7.6
A loan that pays interest and can be changed into company shares under certain conditions
- Specialized
1
8.3
An investment like a bond or preferred share that you can change into the company's common stock under certain conditions
How Liquid
Surface Forms
Morphology
convertible = convertible (semi-transparent) = convert + ible
The financial sense is clearly connected to 'convertible' but remains a specialized technical term that is not fully predictable for an average learner.
Etymology
Convertible comes from Latin parts con- 'together' and vertere 'to turn', the same root as convert. So a financial convertible is something like a bond you can 'turn into' company stock.