CONVERTIBLE Definition

Bookmark and Share

CONVERTIBLE is a corporate security (usually bonds, notes or preferred stock) that can be exchanged for another form of security (usually common stock).

Learn new Accounting Terms

ENTERPRISE is an organization created for business ventures.

LCM RULE is an abbreviation for lower-of-cost-or-market rule. LCM requires that an asset be reported on the financial statements at the lower of purchase cost or market value.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.