exchangeable debenture


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.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
exchangeable bond exchangeable instrument