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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 MatchesConversion arbitrageConversion arbitrageThe simultaneous purchase of a stock, the purchase of a put, and the sale of a call, creating a riskless transaction. Stated conversion priceStated conversion priceAt the time of issuance of a convertible security, the price the issuer effectively grants the securityholder to purchase the common stock, equal to the par value of the convertible security divided by the conversion ratio. Conversion parity or valueConversion parity or valueApplies mainly to convertible securities. Common stock price at which a convertible bond can become exchangeable for common shares of equal value; value of a convertible bond based solely on the market value of the underlying equity. Par value + conversion ratio. See bond value, investment value, parity. Conversion PeriodConversion PeriodThe time period during which an investor can exchange a convertible security for common stock. 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. Further SuggestionsLimitation on conversionconversion Conversion ratio Conversion price Conversion value Conversion premium Conversion Involuntary Conversion Reverse conversion Conversion parity price Conversion feature Conversion parity currency conversion Conversion ratio conversion terms |
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