Preferred stock that can be exchanged at the issuer’s option for convertible debt that has the same yield and conversion terms. A convertible exchangeable preferred stock is designed to permit an issuer to switch to a tax-deductible obligation when its earnings become taxable.
convertible exchangeable preferred stock - Investment & Finance Definition
Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
Used by arrangement with John Wiley & Sons, Inc.
Link to this page
Cite this page
MLA Style
"convertible exchangeable preferred stock." YourDictionary, n.d. Web. 23 February 2019. <https://www.yourdictionary.com/convertible-exchangeable-preferred-stock>.
APA Style
convertible exchangeable preferred stock. (n.d.). Retrieved February 23rd, 2019, from https://www.yourdictionary.com/convertible-exchangeable-preferred-stock
