from The American Heritage® Dictionary of the English Language, 4th Edition
- n. A security that, at the holder's option, may be exchanged for another asset, typically a fixed number of shares of common stock.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. A security that can be converted into another security.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. a corporate security (usually bonds or preferred stock) that can be exchanged for another form of security (usually common stock)
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