Busted convertible

Busted Convertible
Busted Convertible definition :
Related: Fixed income equivalent. Mainly applies to convertible securities. Convertible bond selling essentiallyas a straight bond.

BUSTED CONVERTIBLE - Related: Fixed income equivalent. Mainly applies to convertible securities. Conver...
BUSTED PAC - Planned amortization class tranches in collateralized mortgage obligations for which the c...

Busted Convertible
A convertible security whose conversion feature is considered worthless because the price of the common stock to which they convert has dropped so low. Thus, the convertible trades like a fixed-income investment.

busted convertible
A convertible bond trading so far below its conversion value that it trades on investment value alone, meaning it has value only as a bond. It has essentially no equity value.
busted PAC ...

Busted Convertible Security - A convertible security that is trading well below its conversion value.

Busted convertible Related: .
Butterfly shift A involving the height of the curve.
Buy in To cover, or close out a . Related: , .

See also: Busted Convertible Bond, Common Stock, Contingent Convertible, Conversion Price, Convertible Bond, Convertible Preferred Stock, Credit Enhancement, Hybrid Security, Mandatory Convertible, Warrant ...

Also called a busted convertible, a convertible security that is trading like a straight security because the optioned common stock is trading low.
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Fixed-income equivalent Also called a busted convertible, a convertible security that is trading like a straight security because the optioned common stock is trading low.

A convertible security that is trading like a straight security because the optioned common stock is trading low. Also called a busted convertible.

Reporting the results of the separate divisions or subsidiaries of a business.
Busted convertible ...

busted convertibles Convertible securities that trade like fixed income investments because the market price of the common stock that they convert to has fallen so low as to render conversion meaningless.

busted convertible A convertible security for which the market price of the common stock is so... butterfly spread An options strategy built on four trades at one expiration date and three different...

See also: Expense, Funding, Saving, Banks, Reorg