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Glossary > R > "Reverse Convertible Note - RCN" Definition

Reverse Convertible Note - RCN

A synthetic instrument that behaves similar to both bonds and stocks, providing high coupon payments with final payoffs dependant upon the equity markets.

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Reverse Convertible Note - RCN - A synthetic instrument that behaves similar to both bonds and stocks, providing high coupon payments with final payoffs dependant upon the equity markets.

Reverse Convertible Note - RCN : a synthetic instrument that behaves similar to both bonds and stocks, providing high coupon payments with final payoffs dependant upon the equity markets.