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Finance Dictionary and Glossary of Investment Terms
zero-coupon convertible
Definition 1.
a zero-coupon bond issued by a corporation which can be converted into that corporation's common stock at a certain price, or a zero-coupon bond issued by a municipality which can be converted into an interest-bearing bond under certain circumstances. also called split coupon bond.
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Definition 2.
A zero-coupon bond issued by a corporation that can be converted into that corporation's common stock. Also known as a split coupon bond.
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