Mandatory convertibles

Definition:

A debt instrument that is exchangeable at some point for equity in the form of common stock or a new issue.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Project notes (PN)

Notes issued by municipalities to finance federally sponsored programs in urban renewal and housing and guaranteed by the U.S. Department of Housing and Urban Development.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio