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SuperscoutA convertible note is a short-term debt instrument that can convert into equity in a later financing, often with interest, maturity, a valuation cap, and/or a discount.
Accurate as of Jun 4, 2026
Superscout maintains this definition in its canonical glossary record and shows uncertainty when meaning varies by context.
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Usage can vary across firms, programs, and jurisdictions; this definition describes the venture-scouting context.