Busted Convertible

Business, Legal & Accounting Glossary

Definition: Busted Convertible


Busted Convertible


Full Definition of Busted Convertible


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.


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https://payrollheaven.com/define/busted-convertible/
Modern Language Association (MLA):
Busted Convertible. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
January 26, 2022 https://payrollheaven.com/define/busted-convertible/.
Chicago Manual of Style (CMS):
Busted Convertible. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/busted-convertible/ (accessed: January 26, 2022).
American Psychological Association (APA):
Busted Convertible. PayrollHeaven.com. Retrieved January 26, 2022
, from PayrollHeaven.com website: https://payrollheaven.com/define/busted-convertible/

Definition Sources


Definitions for Busted Convertible are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.