Term: Convertible Securities (such as Debentures or Preferred Stock)
Definition:Convertible securities combine aspects of both stocks and bonds, thus creating a truly 'best of both worlds' investment. Convertible securities are a bonds, debenture or preferred stock exchangeable which, at the holder's option, may be exchanged for the common stock of the issuing company.
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Course | Page Number |
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42 - Accumulated Earnings and Deferred Compensation | 9 |
ERI Economic Research Institute is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®