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Equitable Conversion |
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Equitable 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.Equitable Conversion Similar MatchesCurrency conversionCurrency conversionA term used by the London Stock Exchange to denote that a trade was executed in one currency but converted for trade reporting. ConversionConversionIn 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 factorsConversion factorsRules set by the Chicago Board of Trade for determining the invoice price of each acceptable deliverable Treasury issue against the Treasury Bond futures contract. Conversion PeriodConversion PeriodThe time period during which an investor can exchange a convertible security for common stock. Limitation on conversionLimitation on conversionApplies mainly to convertible securities. Possible delay in convertibility. More frequently, the right to convert may be terminable prior to a redemption date, preventing the holder from receiving a final coupon or dividend. See: Accrued interest. Further Suggestionsconversion termsConversion ratio Conversion feature Involuntary Conversion Conversion parity or value Stated conversion price Conversion value Reverse conversion Conversion parity price conversion arbitrage conversion Conversion price Conversion parity Conversion premium Conversion ratio |
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