Convertible Bond Definition | Becker
Accounting Dictionary
Convertible Bond
A convertible bond is convertible into common stock of the debtor (generally) at the option of the bondholder. With a convertible bond, the bond must be surrendered to obtain the common stock. See also debenture and mortgage bond and collateral trust bond.
Related Terms:
Mortgage Bond [FARBAR]Collateral Trust Bond [FAR]Back to Dictionary