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Finance Dictionary and Glossary of Investment Terms
exchangeable security
Definition 1.
A security that grants the holder the right to exchange the security for the common stock of a company other than the issuer.
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Definition 2.
A security that grants its holder the right to exchange it for the common stock of a firm other than the issuer.
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Definition 3.
Investment instrument that grants its holder the right to exchange it for the common stock of a firm other than the issuer of the instrument.
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