convertible bond

American  

noun

1. a bond that can be exchanged for a fixed number of shares of the common stock of the issuing company at the holder's option.

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Example Sentences

Strategy, the largest corporate Bitcoin holder, has financed its purchases of Bitcoin, now totaling about 650,000 coins worth about $60 billion, with a mix of equity sales, preferred stock and convertible bond.

From Barron's

Then, if the convertible bonds convert into equity, Ramaco can use proceeds from the capped call to offset dilution.

From Barron's

What is unusual is that convertible bonds are beating the stock market, too.

From Barron's

Senate confirmation hearing that Cantor's investment in Tether is in the form of a convertible bond.

From Salon

It holds convertible bonds that can be converted into an equity stake of up to 15% in Kioxia and its approval was one of the preconditions for the merger.

From Reuters