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Inga and Neil Are Scheduled to Move into Their New

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Inga and Neil are scheduled to move into their new house tomorrow,but their realtor calls to tell them that the previous owners turned off the heat,which caused several of the water pipes to burst.Since the house is temporarily uninhabitable,Inga and Neil decide that they can put their belongings in storage and stay with Neil's parents while the repairs are made.They ask the realtor to arrange repairs at the previous owner's expense.Though they are disappointed that they won't be able to entertain for the holidays,they know they will be able to do it next year.By assessing their resources to cope with the situation,Neil and Inga have engaged in a


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Convertible

Refers to financial instruments or securities, like bonds or preferred stock, that can be transformed into another form, usually common stock, under certain conditions.

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