Fixed income equivalent

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

FIXED INCOME EQUIVALENT - Also called a busted convertible. Convertible security that is trading like a...
FIXED INCOME INSTRUMENTS - Assets that pay a fixed dollar amount, such as bonds and preferred stock.

Related: Fixed income equivalent. Mainly applies to convertible securities. Convertible bond selling essentially as a straight bond.

fixed income equivalent A convertible security for which the market price of the common stock is so... fixed investment trust See unit investment trust. Also known as unit investment trust or participating trust or fixed investment trust.

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

An interest rate swap in which the fixed rate payments are traded for a floating rate.
Fixed income equivalent ...

See also: Busted convertible, Convertible securities, Expense, Deposit insurance, NASD