convertible
as defined in Council Directive 93/6/EEC of 15 March 1993 on the capital adequacy of…, Article 2, point (14)
a security which, at the option of the holder, can be exchanged for another security, usually the equity of the issuer
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Also defined in
- Directive 2006/49/EC of the European Parliament and of the Council of 14 June 2006 on the capital adequacy of… 32006L0049, Article 3(1), point (j)
a security which, at the option of the holder, may be exchanged for another security; - Regulation (EU) 2018/858 of the European Parliament and of the Council of 30 May 2018 on the approval and market… 02018R0858-20260802, bI.p25
A vehicle defined in terms No 3.1.1.6 of international standard ISO 3833:1977. However, a convertible may have no door.