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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 ?
Products: IP's output stretches across a broad range of product lines, including pulp, fluff pulp, coated and uncoated printing and writing papers, specialty papers, diapers, sanitary napkins, containerboard, bleached packaging board, converting and specialty industrial papers.
Summer of 2001 will also see a new 76,000 square foot facility in the Boston metro market, replacing the oldest of the five Web Converting sites.
Now the company is converting all seven of its thermoformers.
b) provide to Continental, along with the stock certificate and stock power, a written certificate addressed to Terra Nova and signed by the Converting Stockholder to the effect that: (i) the Converting Stockholder was a holder of record as of the Record Date for purposes of the special meeting of stockholders, (ii) the Converting Stockholder has held the shares the Converting Stockholder seeks to convert since the Record Date, (iii) the Converting Stockholder will continue to hold the shares through the closing date of the merger, and (iv) the Converting Stockholder wishes to convert his shares into a pro rata share of the trust account.
By converting to a cast component, the customer realized a 29% weight reduction and significant cost savings.
By converting to casting from plastics, a dimensional improvement was achieved, as critical areas are post-machined to tighter ([+ or -]0.
This means that the transition period provided in the regulations for converting to the euro will not apply, nor presumably will the rules deferring currency gain or loss realization on conversion to the euro.
Among the options being considered is converting at least 200 of the buses back to diesel as a money-saving measure.
In fact, some stores marked prices in dollars, converting them to cruzados novos at the time of sale.
All GFCI shareholders as of the Record Date will be issued a total of 20,000,000 two-year warrants converting on a 1:1 basis into Series A Preference Drilling Participation Shares of PDEI at a price of $.
The effort made in converting to castings, for those who commit to it, has a huge, huge payback.