convertible
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
The Defense Department will invest $1 billion in the business through a convertible preferred security, which will convert to common equity upon an initial public offering later this year.
From Barron's
The company said Wednesday that the Series F financing round includes $70 million in new capital and the conversion of $30 million in convertible promissory notes with accrued interest.
Each Class A share is convertible into 1,500 B shares.
The company added that the investors in the new convertible preferred shares, which will pay a 4.75% annual dividend, are committing to buy the stock to help fund one or more acquisitions through July 15.
From Barron's
Some relied on convertible bonds, which offer lower interest rates while giving lenders the option to be repaid in shares instead of cash.
From Barron's
From Roget's 21st Century Thesaurus, Third Edition Copyright © 2013 by the Philip Lief Group.
