What is the meaning of Redemption cushion?

Redemption cushion is the percentage by which the conversion value of a convertible security exceeds the redemption price (strike price).

Barry Goldsmith
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APABarry Goldsmith. (2010). redemption cushion. Retrieved September 22, 2026, from http://smartdefine.org/redemption_cushion/definitions/1161974
ChicagoBarry Goldsmith. 2010. "redemption cushion" http://smartdefine.org/redemption_cushion/definitions/1161974 (accessed September 22, 2026).
HarvardBarry Goldsmith 2010, redemption cushion, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/redemption_cushion/definitions/1161974>.
MLABarry Goldsmith. "redemption cushion" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/redemption_cushion/definitions/1161974>