i came across "convertible debentures" when reading a file for a public company. i didn't know what this term meant, so i went to look it up.. but then became more confused. there are sites that say these are the same and sites that say they are all different.
two common but very different explanations that i came across for these terms are:
convertible bonds/notes/debentures basically allows investors to loan money to a company and have the ability to convert their principal to stock if the price of the stock goes above the conversion price before maturity date
convertible notes/debts are a tool for investing in a start-up company that doesnt even have a value yet, and the value of the investment is determined later on by another investor
i hope someone can clarify for me which definition belongs to which term or if i got this all wrong