A debenture that is exchangeable for common shares according to specified conditions.
a bond that can be exchanged for a fixed amount of common stock.
a bond that can be converted into common stock
A debenture that may be exchanged into common shares at the owner's option as long as it is in accordance with the issue's terms. See: Common Stock; Convertible Securities; Debenture
A convertible debenture is a type of business loan that leaves the lender the option of taking stock in the company instead of repayment.