Examlex
What is the function of the structure labeled #12?
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.
Dilutive Security
A financial instrument, like an option or convertible bond, that may reduce earnings per share by increasing the total number of shares outstanding.
Preferred Stock
A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, usually with fixed dividends and without voting rights.
Bonds Payable
Bonds payable are long-term liabilities representing money a company must pay back to bondholders, typically at specified interest rates and dates.
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