Convertible price

Convertible price,

Definition of Convertible price:

  1. The price per share of common stock at which the owner of preferred shares can convert them to common shares. This price is determined by contract when the preferred stock is purchased. The convertible price is usually set considerably higher than the current price, so that owners of preferred shares will convert them only if the stock price goes up. Also called conversion price.

Meaning of Convertible price & Convertible price Definition