Convertible example sentences

The debentures which cannot be converted into shares or in any other securities are called nonconvertible debentures.These debentures are either fully convertible or partly convertible.The quick assets are defined as those assets which are quickly convertible into cash.It may be noted that no Debenture Redemption Reserve is required in case of convertible debentures because no funds are required for redemption.The FCCB's are issued in a foreign currency and carry a fixed interest rate which is lower than the rate of any other similar nonconvertible debt instrument.However, convertible debentures cannot be issued at a discount, if they are to be converted immediately.However, convertible debentures cannot be issued at a discount, if they are to be converted immediately.However, convertible debentures cannot be issued at a discount, if they are to be converted immediately.Non-convertible debentures Where a company issued debentures after the commencement of this Act, it shall create a Debenture Redemption Reserve for the redemption of such debentures, to which adequate amount shall be credited, from out of its profit every year until such debentures are redeemed.However, convertible debentures cannot be issued at a discount, if they are to be converted immediately.Debentures are of various types such as: secured and unsecured debentures redeemable and perpetual debentures, convertible and non-convertible debentures, zero coupon rate and specific rate, registered and bearer debentures.Mahindra and Mahindra was the first company in India to issue convertible Zero Interest Debentures in January 1990.Debentures which are convertible into equity shares or in any other security either at the option of the company or the debentureholders are called convertible debentures.The creation of Debenture Redemption Reserve is obligatory only for non-convertible debentures and non-convertible portion of partly convertible debentures.As per AS-3, 'Cash' comprises cash in hand and demand deposits with banks, and 'Cash equivalents' means short-term highly liquid investments that are readily convertible into known amounts of cash and which are subject to an insignificant risk of changes in value.