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 Glossary   >   M   >   "Mandatory Convertible" Definition   

        Mandatory Convertible

A type of convertible bond that has a required conversion or redemption feature. Either on or before a contractual conversion date, the holder must convert the mandatory convertible into the underlying common stock.

Mandatory Convertible


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Mandatory Convertible - A type of convertible bond that has a required conversion or redemption feature. Either on or before a contractual conversion date, the holder must convert the mandatory convertible into the underlying common stock.


Mandatory Convertible : a type of convertible bond that has a required conversion or redemption feature. either on or before a contractual conversion date, the holder must convert the mandatory convertible into the underlying common stock.