convertible definition
convertible means, if used to describe securities, that the rights and attributes attached to the securities include the right or option to purchase, convert into or exchange for or otherwise acquire equity securities of an issuer, or any other security that itself includes the right or option to purchase, convert into or exchange for or otherwise acquire equity securities of an issuer;
convertible means convertible into, exchangeable for, or carrying the right or obligation to purchase or otherwise acquire or cause the purchase or acquisition of, another security;
convertible and like words shall have a corresponding meaning.
More Definitions of convertible
convertible. , in relation to any exchange, means exchange which is freely negotiable and transferable in international exchange markets at exchange rate margins consistent with the Articles of Agreement of the International Monetary Fund;
convertible. Instrument” will mean any instrument issued by COMPANY that is convertible into, or may be exercised in exchange for, any Capital Stock.
convertible bond gives you the right to convert bond into a specified number of unissued shares of the issuer or a related company. “Exchangeable” bond allows bondholder to exchange the bond for the shares of any organization which are already in issue and held by the issuer or a related company.
convertible means a security which, at the option of the holder, may be exchanged for another security;
convertible means convertible into, exchangeable for, or carrying the right to purchase or cause the purchase of, another security;
convertible means a security which, at the option of the holder, may be exchanged for another security.
convertible and like words shall have a corresponding meaning. (ix) "Conversion Date" means any day on which all or any portion of the Principal Amount of this Debenture is converted in accordance with the provisions hereof.