Business, Legal & Accounting Glossary
A term to describe an adjustment that is made to the conversion factor of a convertible security when the exchangeable stock underlying the convertible security undergoes a split. In some cases, the conversion terms adjustment is a scheduled event, and in other cases the adjustments are made for the purpose of ensuring that the holder of the convertible security stays unaffected by any related changes.
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This glossary post was last updated: 20th November, 2021 | 0 Views.