conversion privilege

См. также в других словарях:

• Conversion Privilege — An insurance policy in which the insurer is required to renew or update the policy regardless of the insured s health. An insurance policy with this type of provision allows the insured to switch to a different type of policy without submitting… …   Investment dictionary

• 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