Convertible Debt A debt obligation of a corporation that changes into stock upon the next funding round or becomes due as the result of maturity or other defined event. Home Resources Startup Law Dictionary Convertible Debt Return to Glossary Need legal help? Schedule a free consultation with a world-class startup attorney on LawTrades. LET'S CHAT Roy G. Business Attorney Heather N. Business Attorney Jared S. Business Attorney Tell us about your project We'll connect you with a vetted attorney in just a few minutes. Trusted by top companies like :