convertible security

(redirected from Exchangeable Security)
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Synonyms for convertible security

a corporate security (usually bonds or preferred stock) that can be exchanged for another form of security (usually common stock)

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A holder of an Exchangeable Security will have the right to exchange the security for a unit of the Fund once MDC is entitled to effectively exchange its 20% ownership of Custom Direct, Inc.
A holder of an Exchangeable Security will have the right to exchange the security for a unit of the Fund once MDC has effectively exchanged its 20% ownership of Custom Direct, Inc.