InvestorWords.com

Type of debenture that provides the issuer with the ability to convert it into common stocks while on some occasions maintaining the same rates. The benefiting party may be a subsidiary or affiliate. Exchangeable debentures are often compared to convertibles because they have similar characteristics, but convertibles cannot be exchanged in this manner.

• Refinancing Your House and Reverse Mortgages
• An Overview of Credit Regulations
• Planning to Retire? Don't Count On Social Security Alone
• The Warren Buffett Quality Stock Strategy
• Fundamentals of Forex Trading
• How to Budget for Post-Secondary Education

Featured Advertiser