conversion privilege — right of the borrower to change the nature of a property on which a mortgage has been placed … English contemporary dictionary
conversion privilege — noun : the contractual right to exchange one security for another at the owner s option (as the right to exchange bonds to common stock of the issuer at a fixed ratio) … Useful english dictionary
Conversion (law) — For other uses of the word conversion , see Conversion. Conversion is a common law tort. A conversion is a voluntary act by one person inconsistent with the ownership rights of another.[1] It is a tort of strict liability.[2] Its criminal… … Wikipedia
conversion of insurance policy — The surrender of a life insurance policy to the insurer in exchange for another policy pursuant to a right or privilege provided the insured in the original policy. 29 Am J2d Ins § 367. See exchange of policy … Ballentine's law dictionary
forced conversion — Refers to a conversion of a convertible security that follows a call for redemption at a time when the value of the conversion security into which it may be converted is greater than the amount that will be received if the holder permits the… … Black's law dictionary
forced conversion — Refers to a conversion of a convertible security that follows a call for redemption at a time when the value of the conversion security into which it may be converted is greater than the amount that will be received if the holder permits the… … Black's law dictionary
Adjustment in Conversion Terms — A term used to describe the adjustment made to a convertible securities conversion factor when the exchangeable stock underlying the convertible undergoes a split. In some convertibles, an adjustment in conversion terms is a scheduled event.… … Investment dictionary
security — /si kyoor i tee/, n., pl. securities, adj. n. 1. freedom from danger, risk, etc.; safety. 2. freedom from care, anxiety, or doubt; well founded confidence. 3. something that secures or makes safe; protection; defense. 4. freedom from financial… … Universalium
convertible shares — Shares (common/ordinary) that, at the option of the holder, can be converted into other securities, at a designated rate. The conversion privilege may be perpetual or limited to a specific period. Euroclear Clearing and Settlement glossary … Financial and business terms
preferred convertible shares — Preferred shares (common/ordinary or preferred) that, at the option of the holder, are convertible into other securities, usually common shares, at a designated rate. The conversion privilege may be perpetual or limited to a specified period.… … Financial and business terms
