Bonds that can be exchanged for stock are called:

Name: Bonds that can be exchanged for stock are called:
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Convertible bonds are the only type of bonds listed that have the option to exchange the bond for stock. Callable bonds can be redeemed before maturity by the issuer, serial bonds are paid off in installments, and debenture bonds are unsecured bonds backed only by the issuer's creditworthiness.

Bonds That Can Be Exchanged for Stock Are Called