convert


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Convert

To change a convertible security into the underlying security. For example, if one converts a convertible bond for Johnson & Johnson, one exchanges the bond for the agreed-upon number of common shares in Johnson & Johnson. See also: Conversion option, Conversion price.

convert

To exchange one security for a different security. For example, the owner of a convertible bond can choose to submit the bond to the issuer for conversion into a specified number of shares of stock.
References in periodicals archive ?
The Pro Convert family is distributed in North America and South America by Mobile Video Devices (MVD).
Moments later, Charles Odongo of Nakuru made a brilliant run on the touchline and scored a try which Ominde converted.Okwaro reduced the leeway in the 72nd minute for Oilers when he scored a penalty.
Similarly, out of 28846 pensioners of AGPR sub-office Lahore, 10316 have been converted to new system which is 27 percent of the total whereas from Peshawar 2947 out of 13474 have been converted to DCS system which is 22 percent.
Last month, the Center for Human Rights in Iran expressed concern over a string of arrests and imprisonments of Christian converts. The group noted that 11 converts have been handed long jail terms in just the previous two months,
He said there were soldiers who had converted to Islam but they did not present any problems for the military.
(20) A convert who had significant links to Florida was Jose Padilla, who was convicted in August 2007 for conspiring to provide and providing material support to al-Qa'ida and conspiring to murder, kidnap, and maim people abroad.
A lithium ion battery-powered EV converted by the club from Daihatsu Motor Co.'s Mira minivan traveled 1,003 kilometers in about 27 and a half hours on a single charge in May last year during a demonstration run at the Tsukuba Circuit, a motorsport race track in Shimotsuma, Ibaraki Prefecture.
This phrase comes to teach us that just as a native born (citizen) accepts the entire Torah, so too does the convert accept the entire Torah.
While that's still better than not converting at all, failing to take advantage of the opportunity to convert in 2008 would have cost the Smith family $780,946 when compared to Example 1.
Though never hostile to his country, Webb trod the well-traveled path of innumerable converts, and came to judge his compatriots principally in light of their amenability to his newfound values.
Employees being converted to the new system will receive new performance plans that are clearly linked to their organization's mission and strategic goals.
As the price of oil climbs, it becomes increasingly profitable to convert farm commodities into automotive fuel, either ethanol or biodiesel.