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Meaning / Definition of

Reverse Convertible Bond

Categories: Options, Bonds and Treasuries,

RCB. A type of bond that can be converted into cash or stock at a specific date. Unlike a convertible bond, the issuer, and not the bond holder, has the right to convert the bond. The value of the bond is derived from the underlying shares, making the bond an embedded derivative. A convertible bond can be considered a call option, while a reverse convertible bond can be considered a put option held by the issuing company. If the price of the underlying stock falls below a certain point, the issuer will exercise the option and convert the bond into shares, thus ending coupon payments and principal that the holder would have otherwise received. bond holders demand a higher interest rate and shorter duration for this type of bond, since the bond holder could wind up with low-value shares instead of the bond.

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Definition / Meaning of

Section 9 Renewal Application

Categories: Patent,

a sworn document, filed by the owner of a registration, to avoid the expiration of a registration. Federal trademark registrations issued on or after November 16, 1989, remain in force for 10 years, and may be renewed for 10-year periods. trademark registrations issued or renewed prior to November 16, 1989 remain in force for 20 years, and may be renewed for 10-year periods. trademark owners have a total of 18 months to file a §9 Renewal Application. The §9 Renewal Application may be filed one year prior to the registration expiration date or during the 6-month grace period immediately after the date of expiration. If the §9 Renewal Application is not filed or is filed after the grace period ends, the registration will expire. Because the due date of the 10-year §8 Declaration coincides with the due date of the §9 Renewal Application, the USPTO created a form entitled "Combined Declaration of use in commerce and Application for Renewal of Registration of a Mark Under Sections 8 & 9" -- see File a §8 & §9 Combined Declaration

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