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bond conversion
[经] 债券兑换
- The terms are set at issue, they include the date the conversion can be made and how much stock each bond can be exchanged for.
所有转换条件在发行时已定好，包括转换日期以及每单位的债券可转换为多少单位的股票。 - The conversion option usually lets the issuer offer a lower initial interest rate and makes the bond price less sensitive than conventional bonds to changes in the interest rate.
由于可以转换成股票，这类债券所付的利息通常较低，因此它们对利率的变动不那么敏感。
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中国词汇量第二的英语词典
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