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LSDefine

Simple English definitions for legal terms

convertible debt

Read a random definition: corporate veil

A quick definition of convertible debt:

Convertible debt is a type of loan that can be converted into stock in the company that issued the loan. It is a way for companies to raise money without giving up ownership or control. A security is something that shows ownership or a creditor relationship with a company or government. It can be a stock, bond, or other type of investment. Securities have value based on the financial condition and prospects of the company or government that issued them, and their market price depends on how much people are willing to pay for them.

A more thorough explanation:

Convertible debt is a type of debt that can be converted into equity (ownership in a company) at a later time. It is a financial instrument that combines features of both debt and equity.

For example, let's say a company needs to raise money to fund its operations. Instead of issuing traditional bonds, it decides to issue convertible debt. Investors who buy this debt can choose to convert it into shares of the company's stock at a later time, usually at a discounted price.

This can be attractive to investors because if the company does well, the value of the stock will increase, and they can make a profit by converting their debt into equity. On the other hand, if the company does poorly, they can still get their money back as debt holders.

Overall, convertible debt is a way for companies to raise money while giving investors the potential for upside if the company performs well.

convertible debenture | convertible divorce

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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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