Conversion

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Conversion

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.

Conversion

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.

conversion

(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 ?
The Conversion Center is the only media conversion platform that can be managed under HP Openview for HP Unix, Windows NT and Solaris as well as NetView for IBM AIX and Windows NT.
Media Conversion Corporation will offer CD-ROM consulting services to assist the State Illinois in this process.
Four areas of concern in media conversion are: (1) fragility (the inherent strength or inherent weakness of each medium), (2) rapidity of obsolence of the operating apparatus of each medium, (3) the ease of altering documents (the ability to manipulate, change, or reformat data easily), and (4) proprietary rights and preservation (who owns the information, and who will take responsibility for its preservation--an area potentially far more complex than copyright issues) (Cloonan, 1991, p.
Two trends driving the media conversion market are power over Ethernet (PoE or 802.3af) and Gigabit Ethernet.
Science Applications International Corporation (SAIC) of San Diego, CA - one of the largest systems integration companies in the world - will utilize Front Porch Digital Inc.'s (OTC BB:FPDI) media conversion technology and services in solutions offered to its customers, based on an agreement the two companies announced recently.

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