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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 ?
01 per share (the "Series A Preferred Stock"), that have not been converted into common stock at the election of the holders and remain outstanding on or prior to the close of business on March 31, 2006 (the "Redemption Date").
If the first year of Debenture interest is paid in common shares and the Debentures are converted in the second year of the term (which is the maximum number of shares expected to be issued pursuant to the Debentures, excluding the anti-dilution provisions applicable under certain restricted circumstances previously mentioned), a total of 3,825,873 further common shares would be issued.
When the pen is docked, selected notes appear instantly as both handwritten notes and automatically converted text within a split-screen interface.
Because all vehicles in the fleet must have a similar configuration, if a weldment is converted to a casting midway through production, any vehicles produced before that conversion must be retrofitted to maintain consistency.
The methanol buses were converted in February to burn another clean-burning fuel, ethanol, for only about $100 per bus.
The Preferred Shares will only be converted into Common Shares after the Preferred shareholders surrender their preferred share certificates to any of the Company's addresses in Canada, Philippines or the U.
The mutual thrift is converted to a stock company while the newly formed holding company raises capital through a public stock offering.
Users running the wizard simply select the input and then output file format, set the quality level, and choose a file location for their newly converted video files -- the Avivo Video Converter does the rest.
708; therefore, no termination resulted on conversion of a general partner interest into a limited partner interest, regardless of whether more than 50% of the partnership interest was converted within a 12-month period (provided the partnership business continues after the conversion).
But four years ago the business went bankrupt, forcing her to lose her home and move into the converted garage on Ilex Avenue with her family.