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-Robert Owen's New Lanark
Payoff
The return or outcome received from an investment or action.
Convertible Bond
A type of bond that can be converted into a predetermined number of the issuing company's shares at certain times during its life, usually at the discretion of the bondholder.
Conversion Value
The value of a convertible security if it is converted into the underlying stock.
Straight Debt
Traditional corporate bonds that have a fixed interest rate and mature on a specific date, without any conversion or exchange rights into other forms of securities.
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