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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 ?
Before continuing to trace Ruskin's conversional project, though, let us get over one obstacle.
It thus illustrates a complex internal categorial structure that is not derived: there is no eligible base either morphological or conversional.
Implications for training: Training events in the conversional phase should spur interest and motivation by including convincing elements and language.
originary movement is a conversional one that involves a movement of dis- and relocation.
With its surfeit of characters, there is not one the viewer can latch onto as a guide through the impenetrable thicket of undeveloped story strands, nor one who supplies even an ounce of recognizable humanity; dialogue is all platitudes, pronouncements and one-upsmanship, without any natural conversional element.
There will be no conversional experience for Marcello, that is, no movement from illusion to reality.
It is also true that conversional moments--whether gradual or episodic--usually yield a new power of choice and creativity.
In a certain sense the assumptions of the moral approach preclude any form of individual help, while help according to the conversional model is restricted to those willing to submit to the discipline of the moral authority concerned.