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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Convertible Bonds

Definition:

We all wish we could have a convertible bond we could go cruising down the PCH with...oh wait, we meant a convertible and a blond. A convertible bond is a bond that can, at given times and prices, be changed into straight up equity. Like the bond is a Twinky and there's a yummy stock option cream hidden inside.

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