convertible security
A security (usu. a bond or preferred stock) that may be exchanged by the owner for another security, esp. common stock from the same company, and usu. at a fixed price on a specified date.
¡ª Also termed (specif.) convertible debt; convertible stock. [Cases: Securities Regulation 53.16(10).]
What is the preferred translation of the term convertible security by Chinese lawyers?
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