The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

CASH PLUS CONVERTIBLE Definition & Legal Meaning

Definition & Citations:

A bond that requires cash to be paid as well as an exchange of common stock, typically at the investor’s option to exchange the bond at particular times over the bond’s life, at a fixed price. In contrast to the even price changes of the underlying common stock, the bond generates fairly big price fluctuations based on its built-in leverage.


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