Just call us Bond. Amortized bond.
Over 700 finance terms, Shmooped to perfection.
We all wish we could have a convertible bond we could go cruising down the PCH with. Oh wait, wrong kind of convertible.
A convertible bond is a bond that can be converted into common stock. So you can cruise along with your bond, collecting coupons, and then switch lanes and convert into stock for faster growth (...possibly).