MoneyGlossary.com
Home  

Contingent conversion trigger

Definition: [crh] Used in the context of convertible instruments. The price of the stock must exceed the trigger price before the bond holder can convert to common stock at a pre-established conversion price. TDefinition: he trigger price exceeds the conversion price. In addition, after a certain number of years, the convertible instrument usually specifies that both the conversion price and the contingent conversion Definition: trigger will increase every year by, for example, a rate equal to LIBOR.

<< Go back