Convertible Bond - Wikipedia - en.wikipedia.org

## 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.