Business, Legal & Accounting Glossary
A convertible security for which the market price of the common stock is so low that the convertible feature is nearly worthless, and the security trades almost as if it were a fixed income investment. also called fixed income equivalent.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Busted Convertible are sourced/syndicated and enhanced from:
This glossary post was last updated: 20th November, 2021 | 0 Views.