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 ?
Question: Is there a pastoral program for converts from Islam?
Consider a high-watt lightbulb: Each second, it converts more electrical energy I to light energy and heat energy J than a bulb with a lower wattage.
Although there have been studies of the famous Pfefferkorn-Reuchlin debate, which was significant in that it spoke to larger questions of religious freedom in Europe, until now no one has attempted a comprehensive analysis of the phenomenon of converts from Judaism in early modern Europe.
The Orthodox in Israel, meanwhile, vowed to reverse the ruling - or at least write a bill to identify converts on their IDs as ``Reform Jews'' or ``Conservative Jews'' specifically.
Now if you want to take your client's table and convert it to straight text, all you do is highlight the entire table or the part you want to convert to text and go up to the Toolbar and click on Table, Convert Table to Text.
Beginning in 1998, eligible taxpayers could convert amounts from a traditional IRA to a Roth IRA.
Each holder of 5 1/4 percent debentures has the right to convert his 5 1/4 percent debentures into shares of the company's common stock at the conversion price of $23 per share, provided that such holder, as required, pays to the company at the time of conversion, additional cash in an amount equal to the principal amount of the 5 1/4 percent debentures then being converted, for which such holder will receive an additional number of shares of common stock equal to the number issuable upon conversion.
Companies that convert say it's hard to calculate all the benefits--so many happen at once.
Company's Technologies Convert Ethanol Co-products Into Additional Fuel
Many converts feel a pull toward Catholicism they can't quite put into words.
Vatican observers point out that there is bound to be some concern when Jews convert, especially when the convert is well-known in the Jewish community.
If interest rates increase after the QBU converts to the euro and it suffers an overall economic loss on the note, no exchange gain or loss will be recognized; the built-in gain simply disappears.