Convertible Subordinate Note

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Definition: Convertible Subordinate Note

Convertible Subordinate Note
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Full Definition of Convertible Subordinate Note

Short term bond that can be changed into stock. Convertible subordinate notes are subordinate to other debts. In the event of bankruptcy or liquidation, other debt securities rank higher than the convertible subordinate note and must be paid first.

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Convertible Subordinate Note. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 20, 2024 https://payrollheaven.com/define/convertible-subordinate-note/.
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Convertible Subordinate Note. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/convertible-subordinate-note/ (accessed: April 20, 2024).
American Psychological Association (APA):
Convertible Subordinate Note. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/convertible-subordinate-note/

Definition Sources

Definitions for Convertible Subordinate Note 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.