Municipal Convertible
A zero-coupon municipal bond that can be converted into an interest-bearing bond under certain circumstances.

Investopedia Says:
Also known as "STAIRS" or stepped tax-exempt appreciation on income realization securities.

Related Terms:
Convertible Debenture
Municipal Bond
Zero-coupon Bond
Zero-coupon Convertible

• Standard & Poor's (S&P)
• Standard & Poor's (S&P)
• Standard Poor's Underlying Rating (SPURs)
• Standard Poor's Underlying Rating (SPURs)
• Standby Letter of Credit (SLOC)
• Standby Underwriting
• Standstill Agreement
• Staple Financing
• Star
• STARC Bands
• STARC Bands
• Startup
• State Administrator
• Stated Annual Interest Rate
• Stated Income / Stated Asset Mortgage (SISA)
• Stated Value
• State Guaranty Fund
• Statement of Additional Information (SAI)
• Statement of Financial Accounting Concepts (SFAC)
• Statement of Financial Accounting Concepts (SFAC)
• Statement of Financial Accounting Standards (SFAS)
• Statement of Financial Accounting Standards (SFAS)
• Static Budget
• Static Spread
• Statistical Arbitrage