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In the context of securities, refers to the exchange of a convertible security such as a bond into stock.

In the context of mutual funds, refers to the free exchange of mutual fund shares from one fund to another in a single family.


The act of exchanging a convertible security for the underlying common stock. For example, if one holds a convertible bond in company A, conversion occurs when the holder gives the convertible bond back to company A and, in return, either receives for free or buys at a stated price, common shares in the same company.


(1) The process of changing a property into condominium ownership. (2) Wrongfully taking property of another,or denying that person access to his or her property.If a self-storage facility overlocks a tenant unit in the mistaken belief the rent is past due, when in reality the rent was credited to the wrong person's account,then the facility is guilty of conversion.

References in periodicals archive ?
The future for the world's most comprehensive online file conversion service is very bright.
The ZDF is planning to build a File Conversion Centers in the form of 2 transcoding farms, based on the solutions from Dalet AmberFin Dark and Harmonic WFS, as a central file transcoding service for all the necessary changes of the source files in required target formats.
In addition to enterprise fax server products, Biscom also offers hosted fax services, secure file transfer and messaging solutions, file conversion software, and document workflow and automation tools.
Biscom has evolved into a provider of multiple product lines, including file transfer, secure messaging, file conversion, image viewing, and IP video surveillance.
This versatile device serves multiple functions, from capture and encoding, to decoding and file conversion.