Exchangeable Instrument

Business / Finance / Exchangeable Instrument: Applies mainly to convertible securities. Means the issuer, if so stated, may substitute a convertible debenture for an existing convertible preferred with identical terms. Most often used when a corporation has an immediate need for equity capital and a low tax rate, and expects either or both conditions to change. This would make the debenture less attractive if the interest tax-deductibility is lost.

Other Words for Instrument

Instrument Noun Synonyms: agency, means, way, factor, mechanism, instrumentality, wherewithal, (prime) mover, catalyst, agent
Instrument Adjective Synonyms: implement, tool, device, apparatus, utensil, appliance, contrivance, mechanism, gadget, contraption, thingumabob, thingumajig, thingummy, thingy, whatsit, what's-its-name, whatnot, what-d'you-call-it, gubbins, gismo or gizmo
MORE

Instrumentation

Entertainment / Music / Instrumentation: Arrangement of music for a combined number of instruments. MORE

Instruments

Business / Finance / Instruments: Notes issued by a federal agency whose obligations are guaranteed by the full-faith-and-credit of the government, even though the agency's responsibilities are not necessarily those of the U.S. govern MORE

Instrumentality

Business / Finance / Instrumentality: The gradual domination of financial markets by institutional investors, as opposed to individual investors. This process has occurred throughout the industrialized world. MORE

Links
Home
Glossary
Thesaurus