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WordNet-Online
Definitions from WordNet
Noun convertible security has 1 sense
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Definitions from the WebConvertible SecurityA convertible security is a type of financial instrument that can be converted into another form of security. Senses and Usages:Sense 1: Financial TermConvertible 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 TermIn 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 TermA 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. Related Products: | ||||
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