FT MarketWatch

Busted convertible

A Convertible security for which the Market price of the common stock is so Low that the Convertible feature is nearly worthless, and the security trades almost as if it were a Fixed income investment. also called Fixed income equivalent.

Related Terms: 11 Call, Convertible, Convertible security, ECU, Fixed income, Fixed income equivalent, Inc., Low, Market, SEC, Trade
Other Related Pages: Category: Stocks Starting With: B
Additional Related Terms: 10-Q, 10-K, 52-week low, 19c3 stock, Allowance for depreciation, Accrual of discount, Accrued market discount, Agency security, American Stock Exchange, Amortization of premium