Nonconvertible Debt Law and Legal Definition
According to 12 CFR 16.2, (Title 12 - Banks And Banking; Chapter I - Comptroller Of The Currency, Department Of The Treasury; Part 16 - Securities Offering Disclosure Rules), Nonconvertible debt means “a general obligation of the bank, whether senior or subordinated, that is not convertible into any class of common or preferred stock or any derivative thereof.”
Legal Definition list
- Noncontribution Clause
- Noncontiguous Trade
- Noncontiguous Territory of the U.S.
- Noncontiguous Domestic Trade
- Nonconsumptive Activities
- Nonconvertible Debt
- Nonconvertible Foreign Currency [Internal Revenue]
- Noncourt Receiver
- Noncumulative Perpetual Preferred Stock
- Noncumulative Preferred Stock
- Noncumulative Voting
