corporate securities (usually preferred shares or bonds) that are exchangeable for a set number of another form (usually common share) at a pre-stated price. Convertibles are appropriate for investors who want higher income than is available from common stock, together with greater appreciation potential than regular bonds offer. From the issuer's standpoint, the convertible feature is usually designed as a sweetener, to enhance the marketability of the stock or preferred.

Corporate bonds or preference shares that can be converted into ordinary shares at a set price on set dates.

Securities (usually bonds or preferred shares) that can be converted into common stock. Convertibles are great for investors demanding greater potential for appreciation than bonds give, and higher income than common stocks offer. [Investopedia.com] http://www.investopedia.com/terms/c/convertibles.asp

Term used for company loan stock which at certain predetermined dates can be exchanged or "converted" into something else, usually into ordinary shares in the company. The terms of the conversion are usually set when the loan stock is issued, and the value of the loan stock will move in line with the value of the shares.

Convertibles are fixed interest securities, which pay a fixed amount of income until maturity. They can, however, be converted into ordinary shares of the underlying company during certain times.

securities that are convertible to ordinary shares at the holder's option some time in the future