Convertibles

英文名称：Convertibles 中文名称：可转换证券
可转换成为普通股的证券，包括公司债券和优先股等。
e.g. The convertibles entitle the holder to require some or all of the convertibles to be repaid in the event of an issue by the Company of new ordinary shares for cash on the basis that the entire proceeds are immediately applied by the holder in subscribing for its entitlement to such new ordinary shares.

Securities, usually bonds or preferred shares, that can be converted into common stock. 

Convertibles are ideal for investors demanding greater potential for appreciation than bonds provide and higher income than common stocks offer.