Also called a busted convertible. Convertible security that is trading like a straight security because the optioned common stock is trading well below the conversion price. Found on http://www.duke.edu/~charvey/Classes/wpg/bfglosf.htm
Also called a busted convertible, a convertible security that is trading like a straight security because the optioned common stock is trading low. Found on http://www.encyclo.co.uk/local/20047