convertible preferred stock

Definition

Preferred stock that can be converted into a specified amount of common stock at the holder's option.

Use this term in a sentence

You should try and take on a convertible preferred stock if you think that it has big potential in the futuer.

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I wondered how to handle the convertible preferred stock was and it made me really interested on how to convert it.

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When my company was bailed out by a billionaire investor, he required us to issue convertible preferred stock to him that would pay him a dividend and that he could convert at his whim.

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lobster trap preferred equity redemption cumulative stock (PERCS)