A bond with a long-term, high- premium , common stock conversion feature. It also offers a competitive interest rate and this type of investment vehicle are aimed at bond investors who desire the ability to convert to stock to hedge against inflation.
HIGH-PREMIUM CONVERTIBLE DEBENTURE
Meaning of HIGH-PREMIUM CONVERTIBLE DEBENTURE in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012