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Conversion terms |
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Conversion termsThe terms which apply when convertible loan stock, for example, a bond or a debenture, are converted into ordinary shares or preference shares. These would include the price and date of conversion which are fixed at the issue date.The terms which apply when a warrant is converted into shares. These would include the exercise price, the date or period of conversion and the number of shares (normally one per warrant) which the warrant holder would be entitled to purchase.Similar MatchesConversion parity priceConversion parity priceRelated: Market conversion price Conversion ratioConversion ratioApplies mainly to convertible securities. Relationship that determines how many shares of common stock will be received in exchange for each convertible bond or preferred stock when a conversion takes place. It is determined at the time of issue and is expressed either as a ratio or as a conversion price from which the ratio can be figured by dividing the par value of the convertible by the conversion price. Equitable ConversionEquitable ConversionA legal fiction applied to a land contract which treats the vendee's (buyer's) interest as a real property interest even though the seller holds legal title, and the seller's interest as a security interest (personal property). This enables the buyer to act as the "owner" of the property without having "legal" title. Currency conversionCurrency conversionA term used by the London Stock Exchange to denote that a trade was executed in one currency but converted for trade reporting. Conversion priceConversion priceApplies mainly to convertible securities. Dollar value at which convertible bonds, debentures, or preferred stock can be converted into common stock, as specified when the convertible is issued. Further SuggestionsConversion featureStated conversion price Limitation on conversion Conversion conversion arbitrage Conversion factors Involuntary Conversion Conversion ratio Conversion parity Conversion premium Conversion Period Conversion parity or value Reverse conversion Conversion value conversion |
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