What is another word for convertible preferred stock?
Pronunciation: [kənvˈɜːtəbə͡l pɹɪfˈɜːd stˈɒk] (IPA) 
Convertible preferred stock refers to a type of preferred stock that gives the investor the option to convert their shares into a predetermined number of common stock shares at any given time. There are several synonyms for this financial term, like convertible bonds, hybrid securities, convertibles, and convertible notes. They are all financial instruments that allow investors to switch between different types of securities and offerings, which guarantee a higher level of flexibility when it comes to creating and managing investment portfolios. Generally, convertible preferred stocks offer more substantial dividends when compared to traditional stocks, and they diversify the investor's portfolio while providing a hedge against market volatility.
