Convertible bond

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Convertible bond is bondholders have the option of converting bonds into stock at a specified exchange rate.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Convertible bond. Bondholders have the option of converting bonds into stock at a specified exchange rate.

According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),

Convertible bond. Security that is convertible into shares of common stock, at a fixed price, at the option of the bondholder.

According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),

Convertible bonds. Bonds that are exchangeable at the option of the holder for the issuing firm's common stock.

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