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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 ?
This hands-on laboratory-based workshop will provide a broad overview of pulping, bleaching, chemical recovery, recycling, papermaking, and converting.
With paper mills reorganizing to refocus on their core business--making paper--some have opted to move from traditional integrated converting operations to new options, such as offsite converting or outsourced converting.
752-1(e), the adjusted basis of a converting partner was not affected by the conversion unless the partner changed its share of partnership liabilities.
Hence, instead of converting one weldment per truck, two are changed and pattern costs can be recouped in half the time.