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.

Cite Term

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.

Page URL
Modern Language Association (MLA):
Busted Convertible. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
August 12, 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: August 12, 2022).
American Psychological Association (APA):
Busted Convertible. PayrollHeaven.com. Retrieved August 12, 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.