Zero-coupon convertible security
A zero-coupon bond convertible into the common stock of the issuing company after the stock reaches a certain price, using a put option inherent in the security.
Also refers to zero-coupon bonds, which are convertible into an interest bearing bond at a certain time before maturity.
Nearby TermsZero-bracket amount Zero-coupon bond Zero-coupon convertible security Zero-investment portfolio Zero-minus tick
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University