straight debt

straight debt definition - business

straight debt

Debt that does not include any features other than payment of interest and repayment of principal. For example, straight debt cannot have a feature that permits bondholders to convert the debt into shares of common stock. See also convertible security.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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