See Also: Toxic Convertible(money)
Toxic Convertible(finance)
Convertible 100(money)
convertible(dictionary)
Convertible(money)
Toxic(health)
toxic(dictionary)
non-toxic(dictionary)
Toxic(medicine)
toxic(dictionary)

Toxic Convertible (finance)


This instrument is similar to a convertible bond, but convertible at a discount to the share price at issuance and for a fixed dollar amount rather than a specific number of shares. The further the stock falls, the more shares you get.