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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Convertible Stock

Definition:

Refers to the notion that convertible preferred stock might convert into so many shares of common. So lets say you have par value $25,000 in a preferred stock. It converts into 1,000 shares of common. So if the common is above about 25 bucks, you'd want to convert. Hal E. Lujah.

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