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 ?
30) Convert MCOs included two members of al-Qa'ida: Wadih el-Hage and Richard Reid.
He has written a book with Lebanese journalist Camille Eid, Avvenire's Mideast correspondent, entitled "I Cristiani Venuti dall' Islam" (Christian Converts from Islam).
From there, nothing was clear-cut as to why it took so long to convert a pattern.
In some ways, the Easterlings are the exception to the rule: Most adult converts come to the Catholic Church through marriage or family connections.
Rather than convert his general partner interest to a limited partner interest, Dick decides he and Doug should simply exchange their partnership interests.
While born Catholics have doubtless held their own in apostolic zeal throughout the history of the Church, it's well known that the convert is often distinguished by an exceptional fervour.
Beginning in 1998, eligible taxpayers could convert amounts from a traditional IRA to a Roth IRA.
Yet convert she did in August 1955, after 30 years of consideration.