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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. 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. ConversionConversionThe process by which a mutual organisation such as a building society changes itself into a company. Quite often accompanied by healthy payouts to members of the building society, which has attracted the interest of carpetbaggers. Also known as 'demutualisation'.The process of converting convertible loan stock in a company into ordinary shares. The right to convert is inherent in the convertible loan stock but usually you will only be allowed to convert on a particular date. The company will issue a notice to shareholders telling them when they can convert and telling them the applicable conversion ratio e.g. i.e. how many ordinary shares they can get for each unit of convertible loan stock. Conversion featureConversion featureSpecification of the right to transform a particular investment to another form of investment, such as switching between mutual funds or converting preferred stock or bonds to common stock. Conversion parity priceConversion parity priceRelated: Market conversion price Further SuggestionsConversion ratioConversion Period Conversion value Conversion price conversion terms Conversion ratio Conversion premium Stated conversion price Conversion factors Involuntary Conversion Conversion parity Reverse conversion Conversion Conversion parity or value conversion arbitrage |
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