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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

zero-coupon convertible  

Definition 1.

a zero-coupon bond issued by a corporation which can be converted into that corporation's common stock at a certain price, or a zero-coupon bond issued by a municipality which can be converted into an interest-bearing bond under certain circumstances. also called split coupon bond.
 

Definition 2.

A zero-coupon bond issued by a corporation that can be converted into that corporation's common stock. Also known as a split coupon bond.
 
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