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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.


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.


(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.
For these reasons, ASCII is an often used data exchange, data migration, or data conversion format or standard.