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Hard Call

A call option that is embedded in a convertible bond (CB) to the effect of making it unconditionally callable by...

Hard-Call Convertible Bond

A convertible bond (CB) that can be called by the issuer any time over its life (time to maturity) or...

Hard No Call Period

The period during which a convertible bond (CB) cannot be called by the issuer at all. In other words, the...

Provisional Call Protection

The unrestricted or unconditioned right of an issuer to redeem a convertible. More specifically, the bond may be redeemed without...

Soft Call Protection

The unrestricted or unconditioned right of an issuer to redeem a convertible. More specifically, the bond may be redeemed without...

Junk Convertible

A convertible that is issued by a company with low or deteriorating credit quality. In other words, the issuer of...

Hung Convertible

A convertible bond or preferred stock issue whose issuer cannot convert it by force either because it is selling below...

Frozen Convertible

A convertible bond or preferred stock issue whose issuer cannot convert it by force either because it is selling below...

Soft Call

A call option whereby a convertible bond (CB) can be called back if the share price exceeds a specific level...

ZCC

An abbreviation for zero-coupon convertible; a convertible that comes with no annual coupon, but rather it is issued at a...