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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BALANCING OFF THE BOOKS means totaling off the various amounts to find out how much money is left or, how overdrawn the organization is. At certain times; e.g. once a month, quarterly, for management committee meetings; it may be necessary to balance off the books".

CHURN RATE is the percentage of customers (e.g., cellular telephone subscribers) that cancels their service per month.

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