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Busted convertible

Definition: [crh] Related: Fixed income equivalent. Mainly applies to convertible securities. Convertible bond selling essentially as a straight bond. Assuming the issuer is "money good," or will conDefinition: tinue to meet credit obligations, such issues can be highly attractive since the price makes virtually no allowance for the bond's callDefinition: on the common stock, when most such issues usually carry premiums.

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