Conversion feature

(redirected from Conversion Features)

Conversion feature

Specification of the right to transform a particular investment to another form of investment, such as switching between mutual funds or converting preferred stock or bonds to common stock.

Conversion Feature

The ability to change from one investment vehicle to another. For example, one may be able to switch between mutual funds in a fund family without incurring a penalty. Likewise, one may exchange a convertible bond to common stock in the issuing company. Sometimes, one even may be able to change an adjustable-rate mortgage into a fixed-rate mortgage. All of these examples describe a conversion feature on the investment vehicles.
References in periodicals archive ?
The conversion features will also ship with the new BrightEye NXT 410-H HDCP enabled compact router.
For example, it does not change the accounting treatment of conversion features, conditional redemption features, or other features embedded in financial instruments that are not derivatives in their entirety.
The conversion features a central atrium which rises the full height of the building.
With its full-strength cross conversion features, comprehensive onboard help, and very useful PDF form-filling capability,[PDF Converter Professional] is both an able competitor to Adobe Acrobat Standard and the low-cost PDF converter to beat.
In EITF Topic D-60, the SEC observer addressed accounting for convertible securities with beneficial conversion features.
In addition to QPT and CPM enhancements, the automated DesignWare Conversion and automated Gated Clock Conversion features allow designers to use the ASIC RTL as is, without requiring manual changes.
At the time of the sale of the convertible preferred stock, currently expected later this week, the dividend rate, conversion features, redemption provisions, and dividend payment dates will be established.
The items identified by the Company relate to the valuation method used to account for certain equity issuances which did not properly include a full analysis of the embedded conversion feature associated with such issuances as required under EITF 98-5, Accounting for Convertible Securities with Beneficial Conversion Features or Contingently adjustable Conversion Ratios, or which were otherwise incorrectly valued.
Advanced Photonix, Inc (AMEX: API) today announced that it is amending its FY2005 & FY 2006 10-Ks and its 1st quarter FY 2007 10-Q, to reflect a restatement of its Consolidated Financial Statements for FY2005 and FY2006 to conform to relevant accounting guidance regarding convertible securities specifically the calculation of the intrinsic value and non-cash interest expense associated with the beneficial conversion features of the Company's convertible notes in accordance with Financial Standards Board (FASB) Emerging Issues Task Force (EITF) Application Issue 98-5 & 98-0027 guidance of October 2005.
com will offer to 1) purchase a portion the bonds for cash and 2) exchange all remaining bonds for newly issued bonds that will have substantially identical terms as the outstanding bonds other than conversion features that will call for cash settlement of the principal amount and settlement in shares of priceline.
1 million of previously incurred non-cash unamortized debt discount associated with the beneficial conversion features associated with the repaid debt will be expensed at June 30, 2006.
The Company refinanced its existing loan from 2004 with Laurus Master Fund in 2006 and removed the conversion features associated with the existing loan, thus reducing potential dilution to the shareholders.