Meaning EXCHANGEABLE: Applies mainly to convertible securities. Means the issuer, if so stated, may substitute a convertible debenture for an existing convertible preferred with identical terms. Most often used when a corporation has an immediate need for equity capital and a low tax rate, and expects either or both conditions to change. This would make the debenture less attractive if the interest tax-deductibility is lost
More terms such as Exchangeable in Dictionary E.
- Definition Earn-Out:
- Examples additional payment in a merger or acquisition that is not part of the original acquisition cost, which is based on the acquired company's future earnings relative to a level determined by the exchangeable definition.
- Definition Equity Market:
- Examples Related: stock market exchangeable explain.
- Definition Earnings Per Share (EPS):
- Examples profit divided by its number of outstanding shares. If a company earning $2 million in one year had $2 million shares of stock outstanding, its EPS would be $1 per share. In calculating EPS, the exchangeable what is.
- Definition Euroequity Issues:
- Examples Securities sold in the Euromarket. That is, securities initially sold to investors simultaneously in several national markets by an international syndicate. Related: External market exchangeable meaning.
- Definition Excess Return On The Market Portfolio:
- Examples Difference between the return on the market portfolio and the riskless rate exchangeable abbreviation.
