What does it mean when a car is convertible?
What does it mean when a car is convertible?
a car whose top can be folded back or removed so that there is no roof. A convertible is also a sofa (= long, soft seat) that can be folded out to make a bed. (Definition of convertible from the Cambridge Academic Content Dictionary © Cambridge University Press)
What makes a convertible bond a convertible security?
As a hybrid security, the price of a convertible bond is especially sensitive to changes in interest rates, the price of the underlying stock, and the issuer’s credit rating . A convertible bond pays fixed-income interest payments, but can be converted into a predetermined number of common stock shares.
What is the meaning of convertible preferred stock?
A convertible is also a sofa (= long, soft seat) that can be folded out to make a bed. convertible into/to sth Each preferred share is convertible into 1.95 shares of Common Stock. Citigroup are expected to invest about $400 million in convertibles and Asian securities.
How many shares of stock can you convert to a convertible bond?
This bond’s conversion ratio determines how many shares of stock you can get from converting one bond. For example, a 5:1 ratio means that one bond would convert to five shares of common stock.
Can you drive a convertible with the top down?
As a convertible owner, you relish the time spent driving with the top down. You may even brave the road on those cooler days, or live in a climate that has hard winters that may eventually put wear on your convertible top.
Which is the best way to protect a convertible top?
Protecting Vinyl Tops Ensure your vinyl top is clean and dry. Using sweeping motions, spray a vinyl convertible-top protectant at a distance of 8-12 inches from the top, or spray the product onto a clean, microfiber cloth and wipe the convertible top. Wipe the top thoroughly with a fresh cloth until it’s completely dry.
What’s the best way to wash a convertible top?
Always wash your convertible top all at once rather than washing in spots, as this will cause certain areas of the top to be discolored. If in doubt, determine whether your convertible top is vinyl or fabric by dropping 1/8 tsp. of water on the top and working it into the material.
What should the top of a convertible be made of?
If it begins to soak in, the convertible top is most likely made of cloth. A vinyl top would allow the drop to pool up and remain. A cloth top will also gather small particles such as lint more easily than vinyl will. Thanks!
