convertible stock

convertible stock
Corporate stock which the stockholder is entitled to surrender for another class of stock or for other obligations of the corporation. 18 Am J2d Corp § 217.

Ballentine's law dictionary. . 1998.

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  • stock — The goods and wares of a merchant or tradesman, kept for sale and traffic. In a larger sense, the capital of a merchant or other person, including his merchandise, money, and credits, or, in other words, the entire property employed in business.… …   Black's law dictionary

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  • Convertible exchangeable preferred stock — Convertible preferred stock that may be exchanged, at the issuer s option, into convertible bonds that have the same conversion features as the convertible preferred stock. The New York Times Financial Glossary …   Financial and business terms

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