- Corporate stock which the stockholder is entitled to surrender for another class of stock or for other obligations of the corporation. 18 Am J2d Corp § 217.
Ballentine's law dictionary. Anderson, W.S.. 1998.
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convertible stock — ➔ stock1 * * * convertible stock UK US noun [C or U] ► FINANCE, STOCK MARKET apreferred share (= a share that gives its owner special rights), or a number of such shares, that can be exchanged for another type of share … Financial and business terms
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