Convertible note
A loan that converts into shares at a later round, usually at a discount or subject to a valuation cap.
Related terms
- Down round
- Up round
- Flat round
- SAFE (simple agreement for future equity)
- Valuation cap
- Late-stage company
This page in other languages
- Obbligazione convertibile (Italiano)
- Obligation convertible (Français)
- Wandeldarlehen (Convertible Note) (Deutsch)
- Nota convertible (Español)
- Nota conversível (Português)
- Конвертируемый заём (Русский)
- 可转换票据 (中文)
- コンバーチブルノート（転換権付融資） (日本語)
- कन्वर्टिबल नोट (हिन्दी)
- 전환사채 (한국어)
- Dönüştürülebilir borç senedi (Türkçe)
- Surat utang konversi (convertible note) (Bahasa Indonesia)
- السند القابل للتحويل (Convertible note) (العربية)
- Trái phiếu chuyển đổi (convertible note) (Tiếng Việt)
- Pożyczka zamienna (convertible note) (Polski)