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zero-coupon convertible security
A zero-coupon bond convertible into the common stock of the issuing company after the stock reaches a certain price, using a put option inherent in the security. Also refers to zero-coupon bonds, which are convertible into an interest bearing bond at a certain time before maturity.
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- Part of Speech: noun
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- Industry/Domain: Financial services
- Category: General Finance
- Company: Bloomberg
- Product:
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