When the total amount of a bond issue matures at a certain date at which time the bondholder can convert into shares of stock,the bonds are called convertible bonds.

Name: When the total amount of a bond issue matures at a certain date at which time the bondholder can convert into shares of stock,the bonds are called convertible bonds.
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Convertible bonds can be converted into shares of stock at a certain date or upon meeting specific conditions, as stated in the bond agreement.

When the Total Amount of a Bond Issue Matures at a Certain