One type of ARM combines elements of the fixed mortgage with an adjustable mortgage It can be converted to a fixed-rate mortgage at specified adjustment periods Another appealing feature of this loan is that its cheaper than refinancing, typically costing 1% of the remaining balance or a flat fee of as little as $100
a corporate security (usually bonds or preferred stock) that can be exchanged for another form of security (usually common stock)
A corporate security usually a bond or preferred share that may be exchanged by the owner for a set number of common stock shares; convertibles usually provide higher income than is available from common stock and greater appreciation potential than bonds [Back]
designed to be changed from one use or form to another; "a convertible sofa"; "a convertible coupe
A corporate bond or preference share that pays fixed income but which can be converted into an ordinary share
A security that can be exchanged for another Bonds or preferred shares are often convertible into common shares of the same company
Refers to a situation when a large one or two bedroom contains a Dining-L which could be converted into another bedroom with the construction of a wall In order to be transformed into a legal bedroom, these L-shaped areas need to contain a window
A convertible is a car with a soft roof that can be folded down or removed. Her own car is a convertible Golf
A bond, debenture or preferred share which may be exchanged by the owner usually for the common shares of the same company, in accordance with the terms of the conversion privilege
capable of being changed in substance as if by alchemy; "is lead really transmutable into gold?"; "ideas translatable into reality"
Any security which may be converted into units of another security Often associated with preferred shares and some debentures, conversion usually is specified in common shares (See "Fully Diluted")
a car that has top that can be folded or removed a sofa that can be converted into a bed a corporate security (usually bonds or preferred stock) that can be exchanged for another form of security (usually common stock) capable of being changed in substance as if by alchemy; "is lead really transmutable into gold?"; "ideas translatable into reality"