Conversion

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Conversion

In the context of securities, refers to the exchange of a convertible security such as a bond into stock.

In the context of mutual funds, refers to the free exchange of mutual fund shares from one fund to another in a single family.

Conversion

The act of exchanging a convertible security for the underlying common stock. For example, if one holds a convertible bond in company A, conversion occurs when the holder gives the convertible bond back to company A and, in return, either receives for free or buys at a stated price, common shares in the same company.

conversion

(1) The process of changing a property into condominium ownership. (2) Wrongfully taking property of another,or denying that person access to his or her property.If a self-storage facility overlocks a tenant unit in the mistaken belief the rent is past due, when in reality the rent was credited to the wrong person's account,then the facility is guilty of conversion.

References in periodicals archive ?
Responsible for delivery of all data conversion services related activities
WNIG's senior vice president of IT, Mike Braun, said, 'We have a great deal of confidence in SiSi Group's experience to help us ensure a successful and efficient data conversion effort.
The primary objective of claims data conversion is to transform legacy claims data to new claims platforms in such a way that legacy claims can continue to be processed within new business process configurations.
TELECOMWORLDWIRE-13 November 2003-MSS data conversions to be handled by Embarcadero(C)1994-2003 M2 COMMUNICATIONS LTD http://www.
com and Data Conversion Laboratory, Fresh Meadows, NY, 718/357-8700; http://www.
Karam continued, "Too often insurers looking to move to modern administration technology view the data conversion for in-force life, annuity or health policies from a legacy administration environment as a major stumbling block.
For these reasons, ASCII is an often used data exchange, data migration, or data conversion format or standard.
Sigma-delta based data conversion solutions are available as well for such narrower bands and larger dynamic ranges systems as Audio and Cellular Wireless Communications.
Based in New York, National Data Conversion is a full-service, tape restoration and data conversion firm with over 20 years experience in: litigation support, corporate compliance, legacy data conversion and systems migration.
I'm excited about the opportunity to help ARI develop and deploy a technology strategy on a global scale that can build on that reputation as well as provide expanded products and services that depend on our data conversion and management capabilities," said Hemphill.
organizations are reporting a gap between their capabilities and requirements" said Mark Gross, President of Data Conversion Laboratory.