A convertible issue of little value because the underlying stock has fallen below the conversion price.

指因标的股票的市价跌至转换价下方，转换权的价值接近零的可转换证券。

youdao

Conversion Premium the amount by which the price of a convertible security exceeds the current market value of the common stock into which it may be converted.

转换溢价可转换证券的价格高于可转换成股票当时市场价格的金额。

youdao

No fractional shares of Party b's capital stock will be issued upon conversion of the Loan.

在转化贷款期间乙方的任何零星股份都不得发行。

youdao

The Facebook COO also set aside more than 15.8 million shares, about 47% of her converted shares, to pay for taxes upon conversion of her RSUs into stock.

FORBES: Sheryl Sandberg Finally Gets Liquid On Her Giant Facebook Stake But Is Still No Billionaire

Stock prices are up in the wake of its conversion to a real estate investment trust ( REIT).

FORBES: Accused Of Falsifying Staff Logs And 'Profiteering' On Human Suffering, CCA Turns 30

This results in your having to pay ordinary income tax on the entire value of your company stock holdings if you do such a conversion (rather than just the basis).

FORBES: One Thing You Don't Know About Roth Conversions