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convertible |
Also found in: Legal, Financial, Wikipedia | 0.02 sec. |
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convertible a car with a folding or removable roof How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Essentially, convertibles are fixed-income investments that companies issue, which offer the comforting income of a bond, but can also be exchanged for shares of company stock should an investor wish to capitalize on a strong stock market. But in a choppy market like today's, "we should continue to see a good amount of investor interest in convertibles," predicted Johnson. The general market for convertibles, which very simply is a bond that converts into a fixed number of equity shares, had mirrored the ascent of the stock market. |
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