convert


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Convert

To change a convertible security into the underlying security. For example, if one converts a convertible bond for Johnson & Johnson, one exchanges the bond for the agreed-upon number of common shares in Johnson & Johnson. See also: Conversion option, Conversion price.

convert

To exchange one security for a different security. For example, the owner of a convertible bond can choose to submit the bond to the issuer for conversion into a specified number of shares of stock.
References in periodicals archive ?
It is legitimate that the Muslim communities present in our country request protection of their religious rights but, precisely because of this, they must recognize the same right to those who freely wish to convert to another religion.
The SkootaSkate's engine converts gasoline's--,or energy stored in chemical compounds, into--to rotate the SkootaSkate's front wheel.
The chart showed that the cleaning room and pattern shop used up more than 80% of the time to convert a pattern.
In some ways, the Easterlings are the exception to the rule: Most adult converts come to the Catholic Church through marriage or family connections.
If a failed Roth IRA conversion is not recharacterized, the amount that a taxpayer attempts to convert is treated as a regular distribution from a traditional IRA, including imposition of the 10% additional tax on early distributions (unless an exception applies).
Traditional ethanol processing converts each bushel of corn, which weighs about 54 pounds, into about 18 pounds of ethanol, 18 pounds of carbon dioxide, and 18 pounds of distillers dried grains, which contain about 2 pounds of fat.
Dick can convert his general partner interest into a limited partner interest without incurring tax on the transaction, unless his share of partnership recourse liabilities exceeds the pre-transaction basis in his partnership interest.
Detroit Diesel is supporting the engine and will continue to support the customer, whether they go back to methanol, convert to diesel or stay with ethanol.
Warrant Holders must convert in minimum traunches of $400,000 per gas well to be spudded.
It was decided," Pearce tells us, "that it would be more graceful if Lunn as a convert should state the case for the born Catholics and Sheed as a born Catholic should argue the case for the converts.
We are extremely excited to advance the efforts to convert biomass to ethanol with the use of citrus peels, a very promising feedstock" said David Ames, president and CEO of Xethanol.
Himself a convert, he recounted his own spiritual progression--in his case from neo-Nazism-- in a riveting article published this spring in the National Post.