Glossary

A glossary is a dictionary of terms specific to a certain subject. A biology textbook might have a glossary in the back, so you can quickly look up all those technical words.

Zero-Coupon Convertible

Updated on 2023-08-29T11:58:02.752180Z

A Zero-Coupon Convertible is a financial instrument for flat income that has two characteristics, zero coupon and convertible, and is a combination of the same. Since it is a zero coupon, the bond need not pay any interest and is convertible into the stock issued by the issuer at a specified price of conversion.