______ is a short-term loan that can be turned into equity when future financing is issued.

Question

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A convertible debt is a loan that can be converted into equity at a later date, typically when the company raises additional financing. This can be an attractive option for both the investor and the company, as it allows the investor to receive interest on the loan in the short term while potentially benefiting from the company's growth in the future.

______ Is a Short-Term Loan That Can Be Turned into Equity