Definition of Convertible debt:
Corporate bond or debenture that may be exchanged for the common stock in a certain proportion, within or after a specified period.
How to use Convertible debt in a sentence?
- If we had some convertible debt , we had to take care of it now, so we would not have any more problems.
- You may try and figure out if you have any convertible debt that you can make a deal with to help in some way.
- For some companies, especially those that are growing at a fast pace, offering convertible debt for start-up funds is a great option.
Meaning of Convertible debt & Convertible debt Definition