Convertible securities
Convertible securities is a bond or preferred stock that can be exchanged at the option of the holder for the common stock of issuing firms.
Definitions
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Convertible securities. Bonds or preferred stock that can be exchanged at the option of the holder for the common stock of issuing firms.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
