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Finance Dictionary and Glossary of Investment Terms
Convertible Debenture
Definition 1.
Any type of debenture that can be converted into some other security.
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Definition 2.
Debenture which can be converted into stock at the option of the holder and/or the issuer at a specified date in the future. Because the buyer has the ability to convert the debenture into stock under certain circumstances, the seller is able to borrow at a lower cost than if the convertibility feature was not present.
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