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Simple English definitions for legal terms

convertible debt

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A quick definition of convertible debt:

Convertible debt is a type of loan that can be converted into stock in the company that issued the loan. It is a way for companies to raise money without giving up ownership or control. A security is something that shows ownership or a creditor relationship with a company or government. It can be a stock, bond, or other type of investment. Securities have value based on the financial condition and prospects of the company or government that issued them, and their market price depends on how much people are willing to pay for them.

A more thorough explanation:

Convertible debt is a type of debt that can be converted into equity (ownership in a company) at a later time. It is a financial instrument that combines features of both debt and equity.

For example, let's say a company needs to raise money to fund its operations. Instead of issuing traditional bonds, it decides to issue convertible debt. Investors who buy this debt can choose to convert it into shares of the company's stock at a later time, usually at a discounted price.

This can be attractive to investors because if the company does well, the value of the stock will increase, and they can make a profit by converting their debt into equity. On the other hand, if the company does poorly, they can still get their money back as debt holders.

Overall, convertible debt is a way for companies to raise money while giving investors the potential for upside if the company performs well.

convertible debenture | convertible divorce

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elmo you can drive my car
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Question: Which schools are most likely to be overrun with national guard/administration replaced with cronies
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So much for reaching out.....
Waking up feeling pretty damn justified on my opinions of the military idk about you guys
OrangeThing
16:43
Cool man
Commanders13
18:15
Has anyone worked with Spivey Consulting? Do you recommend working with them?
21:36
I have not, but I trust Mike/ them, I think they have a unique perspective (ex adcoms) and I think, based on their free info/analysis, they are a great group and could provide some value to most applicants.
21:36
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person4324
23:00
what do you guys think of retaking the LSAT in August after depositing at a law school starting in late august? I'm thinking if I get like a 179, I might reapply to law school
person4324
23:00
is it really bad to enroll at a school and then drop out because you think you'd have a better shot at a higher ranked school the next cycle?
ParallelAgreeableOrangutan
23:13
I'd be very careful with timing. If you're able to "drop out" prior to the start of classes, that's one thing, but it seems that admissions offices look very unkindly on applicants who "started" law school and left (absent very compelling circumstances, such as serious personal illness)
OlDirtyBtard
23:14
honestly if you arent feeling it then leave before you pay tuition or before classes start
OlDirtyBtard
23:14
i left right before i had to pay tuition many years ago and thankfully it didnt count as attending
OlDirtyBtard
23:14
i was not doing super hot so id have definitely suffered 1L
OlDirtyBtard
23:14
honestly man just dont go if youre not feeling itr
ParallelAgreeableOrangutan
23:16
Don't forget that transferring is definitely an option, albeit not a guaranteed one
OlDirtyBtard
23:17
i mean not really anymore. oci isnt the main method of getting a job
23:43
100% what dirty said
23:44
Arangutan makes a good point as well. RnR, u know you have more gas in ur lsat tank if you are even considering what you are asking
person4324
0:09
ok this will be my 7th time taking it haha... idk if that factors in anything lol
globalcitizen
7:04
The Spovey blog guy is a damn imbecile lol
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