A loan made to a company at a fixed rate of interest with the right to be either redeemed (i.e. repaid by the company) for cash or converted into ordinary shares at a predetermined date or within a certain period.
A fixed interest security convertible under specified conditions into ordinary shares on the basis of some defined ratio, often one for one.
a fixed interest security issued to a lender by a company in return for cash.
a loan to the company, with an interest rate, that the investor has the right to convert the entire principal amount of the note (and often any accrued interest) into equity when an institutional investor subsequently makes an investment
a type of coupon paying debt security that converts to the issuers ordinary shares (equity) at maturity
A debt instrument (bond) which carries with it the right and/or obligation to subscribe for equity in the issuing company.
A loan made to a company with a fixed rate of interest where the holder has the right at maturity to take either a known cash amount or a known quantity of shares.
A short term debt investment instrument. Typically used when it is difficult or inappropriate to agree agreed valuation. Pricing may be set in reference to the next professional round e.g. a 10% discount to the next round or may be fixed at the time of the investment. The type of security that note converts into is also agreed ahead of time.
A loan at a fixed rate of interest for a fixed term which can be redeemed for cash or shares on maturity.
a security listed on the sharemarket which pays interest, and can be converted to shares, or redeemed at maturity