A type of bond, which has a maturity date greater than 10 years, that has the ability to be converted into shares of common stock or equal cash value. It is a type of hybrid security which exhibits debt as well as equity-like features.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser