LIMITATION ON CONVERSION


Meaning of LIMITATION ON CONVERSION in English

Mainly applies to convertible securities. Possible delay in convertibility. More frequently, the right to convert may be terminable prior to a redemption date, preventing the holder from receiving a final coupon or dividend . This latter is known as the "screw you" clause. See accrued interest

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.