Yes, convertibles are a debt instrument and can even have interest payments atta... | Hacker News

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peterjancelis on Sept 18, 2014 | parent | context | favorite | on: Bad Notes on Venture Capital

Yes, convertibles are a debt instrument and can even have interest payments attached to them.

ganeumann on Sept 18, 2014 [–]

I believe that in the US they have to have interest payments (although these can be deferred for some period of time), otherwise they are not legally considered debt.

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