Convertible Security
Bond, preferred stock, or debenture that is exchangeable at the option of the holder for common stock of the issuing corporation.
Join now or login to suggest a revised definition!
Follow Us
Random Financial Term
Deferred Income
Any income that is received before it is due or before it is earned. Rent paid in advance is an example of deferred income that is received during one accounting period but earned in later accounting period. Interest received that applies to a subsequent period of the loan term is...
