Conversion feature

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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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
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The barn conversion features an impressive entrance hall, lounge, study, kitchen, wet room and utility room.
Additionally, under the new standard more potential voting interests such as options and conversion features will be considered and, coupled with other interests, could result in consolidation of an investee even before those rights are exercisable, it said.
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Realistically, however, agents are finding conversion features to be less rich.
The improvements in adjusted operating results were erased, though, by a 93.1% plunge in nonoperating income (generated by marked-to-market adjustments related to conversion features, financing warrants, and Series A and B warrants) to $2.6 million from $37.4 million, and a 98.2% drop in interest and dividend income to $38,000 from $2.12 million.