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

exchangeable security  

Definition 1.

A security that grants the holder the right to exchange the security for the common stock of a company other than the issuer.
 

Definition 2.

A security that grants its holder the right to exchange it for the common stock of a firm other than the issuer.
 

Definition 3.

Investment instrument that grants its holder the right to exchange it for the common stock of a firm other than the issuer of the instrument.
 
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