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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 ?
Although Pornographic Image Filter is about 90% accurate, with about 10% false positives and negatives, it acts as a good deterrent.
PicLight makes it simple and quick to change the hue of the entire photo using one of over 25 deluxe and gorgeous image filters.
The Impulse CoDeveloper tools and libraries can be used to quickly create and test video image filters using C programming methods," said Ralph Bodenner, Impulse VP of Product Development.
Image filters include: de-interlacer; steerable linear and fisheye camera dewarping; blur; erode; dilate; threshold; unsharpen mask; negative image; brightness and contrast control