CONVERTIBLE DEBT Definition

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CONVERTIBLE DEBT is a debt instrument which can be exercised into the security of the debtor in accordance with the conditions set forth in the debt instrument.

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FIXED CAPITAL includes the value of the purchases and own-account construction of fixed assets by enterprises, households, private non-profit institutions, and general government for civil defense. Its components include construction and durable equipment.

BIR is Bureau of Internal Revenue, Benefit/Investment Ratio, or Best Incremental Return.

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