Used in the context of general equities.
Convertible: difference between gross parity and a given convertible price . Most often invoked when a redemption is expected before the next coupon payment, making it liable for accrued interest for which he may never be compensated. Antithesis of premium .
General: information that has already been taken into account and is built into a stock or market .
Straight equity: price lower than that of the last sale or inside market .