Match these terms with their definitions.
-Give the lender the option to convert the debt into other securities-typically shares of common stock.
A)Callable bonds
B)Long-term lease
C)Convertible bonds
D)Debenture bonds
E)Junk bonds
F)Mortgage bonds
G)Notes payable
H)Short-term lease
I)Secured bonds

Question

Quizplus · Accepted Answer

Convertible bonds are a type of debt security that can be converted into a predetermined number of common stock or equity shares at certain times during the bond's life, usually at the discretion of the bondholder.

Match These Terms with Their Definitions