Exchangeable Security
A security that grants its holder the right to exchange it for the common stock of a firm other than the issuer.

Investopedia Says:
These are often used in takeovers.

Related Terms:
Common Stock
Exchangeable Debt
Issuer
Takeover

• Aussie
• Australian Stock Exchange (ASX)
• Australian Stock Exchange (ASX)
• Australian Stock Price Riskless Indexed Note (ASPIRIN)
• Australian Stock Price Riskless Indexed Note (ASPIRIN)
• AUTEX
• Authority Bond
• Authorized Forex Dealer
• Authorized Participant
• Authorized Stock
• Autocorrelation
• Automated Bond System (ABS)
• Automated Bond System (ABS)
• Automated Clearing House (ACH)
• Automated Clearing House (ACH)
• Automated Confirmation Transaction Service (ACT)
• Automated Confirmation Transaction Service (ACT)
• Automated Customer Account Transfer Service (ACATS)
• Automated Customer Account Transfer Service (ACATS)
• Automated Teller Machine (ATM)
• Automated Underwriting
• Automatic Exercise
• Automatic Investment Plan (AIP)
• Automatic Investment Plan (AIP)
• Automatic Reinvestment Plan