| 单词 | convertible |
| 释义 | convertible convertible /; AmE / adjective, noun
(Finance )
■ adjective
NON-CONVERTIBLE
(about bonds or shares) that can be exchanged for another type of investment in a company, usually ordinary shares: The bonds are convertible into France Telecom shares. The company issued €1 billion in convertible bonds. Their debt reduction plan includes an issuance of convertible equity (= shares). ⇨ EXCHANGEABLE
■ noun [C] (also convertible security)
a special type of bond or share that can be exchanged for another investment in the company that sold it, usually ordinary shares: The company raised $302 million selling convertibles. The group has launched a $3.1 billion convertible issue (= sale of convertible bonds or shares). |
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