convertible

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convertible

a car with a folding or removable roof

convertible

A device that can be easily switched to another type. See convertible laptop.
References in periodicals archive ?
The top two convertibles measured by registrations last year were the Chrysler Sebring and Ford Mustang, respectively.
6 billion bond issue--including a $4 billion chunk of so-called contingent convertible bonds that will reinforce its pension plan--guys in the green eyeshades asked themselves: Is this a way to slay the pension monster?
Since convertibles capture the best of both bonds and stocks, they're a sound conservative investment," says Matthew Muehlbauer, a research manager at New York-based Value Line Inc.
But keep in mind that convertibles might not be good investments for everyone.
a biotechnology firm based in New Haven, CT, had been relatively quiet in the public marketplace since its IPO of 1998--at least, until this past January, when it returned to successfully execute a $150 million convertible bond offering.
4 /PRNewswire/ -- Worldwide sales of Saab 900 convertibles continue to rise with the steady ease that Saab convertible drivers enjoy when raising their convertible soft-tops after open-air motoring.
MACE Advisers has 18 years experience serving the convertibles market and offers an unrivalled knowledge of convertible bonds.
Equity credit by Fitch for convertibles uncertainty, and the longer the period preceding conversion, the greater risk.
For the issuing company, convertibles require lower interest payments than do ordinary bonds -- or, increasingly, no interest at all.
As a senior trader, Mike's responsibilities included trading all Far Eastern and European convertibles, managing large asset-swap positions and generating new equity derivative opportunities.
Iyer, Group Head of Morgan Stanley Global Convertible Research, said: "As a leading participant in the convertibles market, we have developed the Indices to meet the needs of our clients.