Convertible Bond - Wikipedia - en.wikipedia.org ![rw-book-cover|200x400](https://readwise-assets.s3.amazonaws.com/static/images/article0.00998d930354.png) ## Metadata - Author: **en.wikipedia.org** - Full Title: Convertible Bond - Wikipedia - Category: #articles - Tags: #business - URL: https://en.wikipedia.org/wiki/Convertible_bond ## Highlights - In finance, a convertible bond or convertible note or convertible debt (or a convertible debenture if it has a maturity of greater than 10 years) is a type of bond that the holder can convert into a specified number of shares of common stock in the issuing company or cash of equal value. It is a hybrid security with debt- and equity-like features. It originated in the mid-19th century, and was used by early speculators such as Jacob Little and Daniel Drew to counter market cornering.