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प्रश्न
Answer in one Sentence only:
What is meant by convertible preference share?
What is a Convertible Preference Share?
एका वाक्यात उत्तर
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उत्तर
Preference shares are those shares which are given priority over equity shareholders in respect of payment of dividend and repayment of capital on winding up. Preference shares that can be converted into equity shares at a given future date, according to agreed terms and conditions, are known as convertible preference shares.
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