convertible debenture


Debenture which can be converted into stock at the option of the holder and/or the issuer at a specified date in the future. Because the buyer has the ability to convert the debenture into stock under certain circumstances, the seller is able to borrow at a lower cost than if the convertibility feature was not present.

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You may find that you have a convertible debenture and will need to find out how best to proceed with it.

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It was a convertible debenture and that meant that it could be converted into stock, which was really cool to me.

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The convertible debenture that he had was a good asset for him because the easy turnover possibilities offered him several options for dealing with it.

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