Meaning BUSTED CONVERTIBLE: Related: Fixed income equivalent. Mainly applies to convertible securities. Convertible bond selling essentially as a straight bond. Assuming the issuer is "money good," or will continue to meet credit obligations, such issues can be highly attractive since the price makes virtually no allowance for the bond's call on the common stock, although such issues usually carry high premiums
More terms such as Busted convertible in Dictionary B.
- Definition Bull CD:
- Examples A bull CD pays its holder a specified percentage of the increase in return on a specified market index while guaranteeing a minimum rate of return busted convertible definition.
- Definition Brussels Stock Exchange (BSE):
- Examples Stock exchange that handles the majority of securities transactions in Belgium busted convertible explain.
- Definition Bank Collection Float:
- Examples elapses between when a check is deposited into a bank account and when the funds are available to the depositor, during which period the bank is collecting payment from the payer's bank busted convertible what is.
- Definition Big Bang:
- Examples The term applied to the liberalization in 1986 of the London Stock Exchange (L.S.E.) when trading was automated busted convertible meaning.
- Definition Bump-Up CD:
- Examples A certificate of deposit granting the owner the right to increase its yield one time for the remaining term of the CD. The power is exercised by the owner in the event of an interest rate hike busted convertible abbreviation.
