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Convertible security
/kənvˈɜːtəbəl sɪkjˈʊəɹɪti/
/kənvˈɜːɾəbəl sɪkjˈʊɹɪɾi/Convertible security
01
a corporate security (usually bonds or preferred stock) that can be exchanged for another form of security (usually common stock)
Example
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