ZERO COUPON CONVERTIBLE DEBENTURE/SECURITY Definition

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ZERO COUPON CONVERTIBLE DEBENTURE/SECURITY is a zero coupon bond that is convertible into the common stock of the issuing company after the common stock reaches a certain price.

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THRIFT ASSOCIATIONS is a general term often used for mutual savings banks, savings and loan associations and credit unions.

PROFITABILITY is companys ability to generate revenues in excess of the costs incurred in producing those revenues.

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