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convertible security

 

Definitions from WordNet

Noun convertible security has 1 sense
  1. convertible, convertible security - a corporate security (usually bonds or preferred stock) that can be exchanged for another form of security (usually common stock)
    --1 is a kind of security, certificate

Definitions from the Web

Convertible Security

A convertible security is a type of financial instrument that can be converted into another form of security.

Senses and Usages:

Sense 1: Financial Term

Convertible securities are bonds or preferred stock that can be converted into a predetermined number of common stock shares.

Example sentence: The company issued convertible bonds to raise capital, giving investors the option to convert them into common stock.

Sense 2: Computer Term

In computing, a convertible security refers to a security protocol or algorithm that can be switched from one encryption scheme to another.

Example sentence: This software allows users to convert their data encryption from one algorithm to another, making it a convertible security.

Sense 3: Vehicle Term

A convertible security is also a type of automobile that can be driven with or without a roof, usually having a retractable or removable top.

Example sentence: He enjoys driving his convertible security along the coastal roads, feeling the wind in his hair.

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