CONVERTIBLE BOND Definition

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CONVERTIBLE BOND is a bond that can be converted to other securities under certain conditions.

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MATURITY DATE of a financial asset is the date at which that asset is converted into a specified amount of money or physical assets, e.g. the date on which an issuer of a bond promises to repay the full amount borrowed.

INFLATION is an increase in the general price level of goods and services; alternatively, a decrease in the purchasing power of the dollar or other currency.

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