What is the definition of Busted convertible? | Dictionary.net

BUSTED CONVERTIBLE

\bˈʌstɪd kənvˈɜːtəbə͡l], \bˈʌstɪd kənvˈɜːtəbə‍l], \b_ˈʌ_s_t_ɪ_d k_ə_n_v_ˈɜː_t_ə_b_əl]\

Definitions of BUSTED CONVERTIBLE

1910 - Black's Law Dictionary (2nd edition)

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ACONVERTIBLE BOND that stands little or no chance of being converted into the issuer

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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