Convertible Subordinate Note

A short-term, convertible bond that, in the event of the issuer's liquidation, has lower priority with respect to other debt. That is, a convertible subordinate note is a bond that may be changed into common stock at the discretion of the bondholder. If the issuer goes bankrupt and liquidates, one or more other debt securities must be repaid before the convertible subordinate note may be repaid. However, as with all debt securities, it has priority over all stock.

单词	convertible subordinate note
释义	Convertible Subordinate Note Convertible Subordinate Note A short-term, convertible bond that, in the event of the issuer's liquidation, has lower priority with respect to other debt. That is, a convertible subordinate note is a bond that may be changed into common stock at the discretion of the bondholder. If the issuer goes bankrupt and liquidates, one or more other debt securities must be repaid before the convertible subordinate note may be repaid. However, as with all debt securities, it has priority over all stock.
随便看	talk out of our hat talk out of our hats talk out of the back of head talk out of the back of her head talk out of the back of his head talk out of the back of my head talk out of the back of (one's) head talk out of the back of our head talk out of the back of our heads talk out of the back of their head talk out of the back of their heads talk out of the back of their head talk out of the back of their heads talk out of the back of your head talk out of their hat talk out of their hats talk out of turn talk out of your hat talk over talk over head talk over her talk over her head talk over him talk over his head talk over me talk over my head talk over (one's) head