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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 ?
Returning to the subject of the Pimonenko painting, which linked conversionary violence and Jewish fanaticism, we see it both as symptom and as cause of the decline of the Russian Empire's multiconfessional establishment and its tolerant ethos in the late imperial period.
Invoking the Protestant conversionary impulse, the CONFAB report argued that "we are saved not for isolation, but for fellowship," warning against "the temptation of considering our own congregation as an entirely 'independent church' as soon as we have succeeded in becoming self-sufficient financially.
Even (or perhaps especially) that most influential account of Christian introspection and conversion, Augustine's Confessions, treats the conversionary movement in an extremely complicated temporal fashion.
Levenson, Allan, 1995, The Conversionary Impulse in fin de Siecle Germany, Year Book XL, New York: Leo Baeck Institute.
One might counter this interpretation by arguing that Niebuhr referenced Christian faith as the precondition for Christ's inner clarification, thereby making a conversionary experience the prerequisite for benevolence.
But more significantly, whenever a Jew tests or scorns Mary or her son, he or she is immediately physically struck by divine wrath that is always identified with the mother of God, and the individual either repents, is healed, and becomes a Christian and a conversionary force for other Jews or is killed outright, causing the immediate conversion of other Jews.
The important aspect of this passage is the perspectival limitation of the agent who undergoes a conversionary experience.
At least three different contributors, for example, discuss the famous conversionary conversation on the "true myth" of Christianity that took place in Oxford in 1931 between Lewis, Tolkien, and Hugo Dyson; however, each offers different details, none the complete picture.
However, when we do events with other Christians, we are highly conversionary.
Tobin, Sylvia Barack Fishman and Mordechai Rimor, Jewish Identity in Conversionary and Mixed Marriages (New York, 1992), 39.
The very act of reading has the power to induce a kind of conversionary experience and contributes directly to the shaping of new authorial identities.
Here Freinkel breaks through truisms concerning Portia's legalism or Venetian cynicism to grasp the theological integrity of Portia's performance, without relinquishing any ethical ground to the conversionary forces that Portia mobilizes in the name of mercy.