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Convertible

An instrument (part debt and part equity) that gives the holder the right, but not the obligation, to exchange a...

Clean Price of a Convertible

The price of a convertible as quoted exclusive of accrued interest. That is, the accrued coupon is not not part…

RP Stock

It stands for redeemable preferred stock; a preferred stock that is subject to redemption. This hybrid preferred stock may provide...

Rolling Premium Put Convertible

A premium put convertible which is embedded with several premium put options. Typically, each put option is structured in a...

Zero-Coupon Convertible

A convertible that comes with no annual coupon, but rather it is issued at a deep discount to par. In...

Convertible Asset Swap

An asset swap whose underlying is a convertible security. In terms of composition, it is a combination of an asset…

Butane Convertible

A convertible whose underlying stock price exceeds the conversion price (that is, it is in the money: an in-the-money convertible)....

ATM Convertible

An at-the-money convertible; a convertible whose price is influenced by movements in both interest rates and share prices. Broadly speaking,...

At-The-Money Convertible

A convertible whose price is influenced by movements in both interest rates and share prices. Broadly speaking, a noncallable bond...

Premium Put Convertible

A convertible with a premium put option which gives the bondholder the right to demand redemption of the bond at...