HomeDefinitionsCompareDebt Convertible bondThe financial definition for Convertible bond:General debt obligation of a corporation that can be exchanged for a set number of common shares of the issuing corporation at a prestated conversion price. Similar MatchesCash plus convertibleCash plus convertibleConvertible bond that requires cash payment upon conversion. Convertible 100Convertible 100Goldman Sachs index of the 100 convertibles of greatest institutional importance. Weighted by issue size, it measures the performance of its components against that of their underlying common stock and against other broad market indexs as well. Convertible ArbitrageConvertible ArbitrageIn the context of hedge funds, a style of management that involves the simultaneous purchase of a convertible bond and the short sale of shares of the underlying stock. Interest rate risk may or may not be hedged. Further SuggestionsConvertible eurobondConvertible preferred stock Convertible price Convertible security High premium convertible debenture Mandatory convertibles Zero coupon convertible security Click to compare definitions of Convertible bond Click to view definitions beginning co |