See Also: Floorless Convertible(money)
Floorless convertible(finance)
Tight money or dear money(finance)
convertible(dictionary)
Convertible 100(money)
Convertible(money)
Convertible bond(finance)
Convertible eurobond(finance)
Convertible price(finance)
Convertible Instrument(law)

Floorless Convertible (money)


Definition: [crh] Used by companies that are in such bad shape, that there is no other way to get financing. This instrument is similar to a convertible bond, but convertible at a discount to the share price at Definition: issuance and for a fixed dollar amount rather than a specific number of shares. The further the stock falls, the more shares you get. Popular in the mid to late 1990s. Also known as toxic convertibleDefinition: s or death spiral convertibles.