In dictionaries:
exchangeable debt
Exchangeable bond
(or XB) a type of hybrid security consisting of a straight bond and an embedded option to exchange the bond for the stock of a company other than the issuer (usually a subsidiary or company in which the issuer owns a stake) at some future date and under prescribed conditions.
exchangeable security
Security convertible into another form.
convertible exchangeable preferred stock
Preferred stock convertible into common.
exchangeable instrument
Exchangeable random variables
In statistics, an exchangeable sequence of random variables (also sometimes interchangeable) is a sequence X1, X2, X3, ... (which may be finitely or infinitely long) whose joint probability distribution does not change when the positions in the sequence in which finitely many of them appear are altered.
more...